1. Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:

Initial retained earnings	$300,000
Income from tax expenses	$ 60,000
End of Retained Earnings	$320,000
Cash Dividends Declared	$ 80,000
other comprehensive income	$ 50,000

What was Capstone's net income in 2014?

2. Capsule Corp. reported the following in 2014:

Initial retained earnings	$260,000
End of Retained Earnings	$290,000
Cash Dividends Declared	$90,000
Initial accumulated other comprehensive income	$20,000
Final accumulated other comprehensive income	$15,000

What was Capstone's comprehensive result for 2014?

Answer rating: 100% (QA)

A Capstones Net income for 2014 is 100000 Calculation of ... View the full answer