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Basic Question 6 of 10
Jason Corporation's statement of stockholders' equity reported net income of $988,000, foreign currency translation adjustments of $26,000, and cash dividends on preferred stock of $30,000 and on common stock of $65,000. Jason's comprehensive income for the period was ______.
B. $962,000
C. $1,014,000
A. $949,000
B. $962,000
C. $1,014,000
User Contributed Comments 10
| User | Comment |
|---|---|
| Jolen | why does the dividend not get decreased? |
| MattNYC | dividends comes out of Retained Earnings, not Comprehensive Income |
| rethan | Does the cash for dividends for preferred stock also come from retained earnings? |
| apiccion | Yeah but it would be included in net income. |
| Oarona | Remember that comphensive income includes changes in equity from sources other than OWNERS |
| YOUCANDOIT | Comprehensive income includes => MUUF M.inimum Pension Liabilities U.nrealized Gains/Losses from hedges U.nrealized Gains/Losses from available-for-sale securities F.oreign Transaction adjustments |
| poomie83 | how would u indicate negative fctr? |
| gill15 | I was just about to say where the hell did you get MUUF from....its not even a word... but now that I have posted this message I will never forget it...hilarious.. |
| majesty | YOUCANDOIT: this is OCI. CI = NI + OCI |
| Shaan23 | Listen to Majesty. You guys are making this too complicated CI = OCI + NI OCU is composed of whats in the MUUF acronym above. His first unrealized gain/loss from hedges is incorrect though...its not just hedges but any derivative contract. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe how the cash flow statement is linked to the income statement and the balance sheet
CFA® 2024 Level I Curriculum, Volume 2, Module 4.