The following questions pertain to the same firm. a. The balance sheet reports $400 million in total

Question:

The following questions pertain to the same firm.
a. The reports $400 million in total assets and $250 million in shareholders' equity at the end of a fiscal period. What are the firm's liabilities?
b. The income statement reports $30 million in net income and $175 million in total expenses for the period. What are the firm's revenues?
c. The shareholders' equity statement has a beginning balance for the period of $230 million and the firm had a net payout to shareholders of $12 million. What is the firm's comprehensive income for the year? How much income is reported in the equity statement rather than the income statement?
d. There were no share issues or stock repurchases during the year. How much did the firm pay in dividends?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...