# Question

Nintendo Company reports the following income statement accounts for the year ended March 31, 2008. (Japanese Yen in millions.)
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,672,423
Selling, general and administrative expenses . . . . . . . . . ¥ 212,840
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 972,362
Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229,879
a. Use this information to prepare Nintendo’s income statement for the year ended March 31, 2008.
b. Use the information above along with the following additional information to prepare Nintendo’s statement of retained earnings for the year ended March 31, 2008. (Japanese Yen in millions.)
Cash dividends for year ended March 31, 2008 . . . . . . . . . ¥ 97,205
Retained earnings, March 31, 2007 . . . . . . . . . . . . . . . . . . . 1,220,293

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