FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Period Ending: | 2020
31/12
|
2020
30/06
|
2019
31/12
|
2019
30/06
|
||||||
---|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 9371 | 9317 | 9350 | 8986 | ||||||
|
||||||||||
Loan Loss Provision | 882 | 1869 | 649 | 624 | ||||||
Net Interest Income After Loan Loss Provision | 8489 | 7448 | 8701 | 8362 | ||||||
Non-Interest Income, Bank | 2565 | 2182 | 2764 | 3079 | ||||||
Non-Interest Expense, Bank | -5667 | -5538 | -5251 | -6090 | ||||||
Net Income Before Taxes | 5387 | 4092 | 6214 | 5351 | ||||||
Provision for Income Taxes | 1610 | 1206 | 1762 | 1560 | ||||||
Net Income After Taxes | 3777 | 2886 | 4452 | 3791 | ||||||
Minority Interest | - | - | - | -6 | ||||||
Equity In Affiliates | - | - | - | - | ||||||
U.S GAAP Adjustment | - | - | - | - | ||||||
Net Income Before Extraordinary Items | 3777 | 2886 | 4452 | 3785 | ||||||
Total Extraordinary Items | 1100 | 587 | 1709 | 187 | ||||||
Net Income | 4877 | 3473 | 6161 | 3972 | ||||||
Total Adjustments to Net Income | - | - | - | - | ||||||
Income Available to Common Excluding Extraordinary Items | 3777 | 2886 | 4452 | 3785 | ||||||
Dilution Adjustment | 128 | 146 | 144 | 156 | ||||||
Diluted Net Income | 5005 | 3619 | 6305 | 4128 | ||||||
Diluted Weighted Average Shares | 1930 | 1902 | 1888 | 1900 | ||||||
Diluted EPS Excluding Extraordinary Items | 2.02 | 1.59 | 2.43 | 2.07 | ||||||
DPS - Common Stock Primary Issue | 1.5 | 0.98 | 2 | 2.31 | ||||||
Diluted Normalized EPS | 2.09 | 1.6 | 2.43 |
2.11 |
identify income tax expense(income) and on what this amount has been calculated
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- ezto.mi Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) (Round your answers to the nearest cent.) Number of Total of monthly payments $5,849.76 Total finance monthly payments Amount Purchase price of a used car $5,793 Down charge $1,339.76 financed APR payment $1, 283 48 $4,510 13% Monthly Payment es By table By formulaarrow_forwardist K Rate % 4.0 4.5 5.0 Monthly Principal and Interest Payment per $1000 of Mortgage Number of Years 20 10 15 25 30 $10.12451 $7.39688 $6.05980 $5.27837 $4.77415 $10.36384 $7.64993 $6.32649 $5.55832 $5.06685 $10.60555 $7.90794 $6.59956 $5.84590 $5.36822 $10.85263 $8.17083 $5.87887 $6.14087 $5.67789 $11.10205 $8.43857 $7.16431 $6.44301 $5.99551 $11.35480 $8.71107 $7.45573 $6.75207 $6.32068 $6.65302 $6.99215 5.5 6.0 6.5 7.0 7.5 Determine the monthly principal and interest payment for a 20-year mortgage when the amount financed is $245,000 and the annual percentage rate (APR) is 5.5% 8.0 8.5 9.0 9.5 The monthly principal and interest payment is S (Round to the nearest cent as needed.) $7.75299 $7.06779 $8.05593 $7.38991 $12.13276 $9.55652 $8.36440 $7.71816 $12.39857 $9.84740 $8.67823 $8.05227 $11.61085 $8.98828 $11.87018 $9.27012 $12.66758 $10.14267 $8.99726 $8.39196 $8.04523 $12.93976 $10.44225 $9.32131 $8.73697 $8.40854 Print $7.33765 $7.68913 Done Click here for table of Monthly…arrow_forwardanswer pleasearrow_forward
- E10.7 (LO 2) (Analyze instalment payment schedule.) The following instalment payment schedule is for a long-term bank loan payable: Interest Period Issue date 1 2 3 4 5 Instructions Cash Payment $23,097.48 23,097.48 23,097.48 23,097.48 23,097.48 Interest Expense $5,000.00 4,095.13 3,145.01 2,147.38 1,099.88 Reduction of Principal $18,097.48 19,002.35 19,952.47 20,950.10 21,997.60 Principal Balance $100,000.00 81,902.52 62,900.17 42,947.70 21,997.60 0 ☐ a. Assuming payments are made annually, what is the interest rate on the bank loan? b. Prepare the journal entry to record the first instalment payment. c. What are the current and non-current portions of the bank loan after the payment at the end of period 2? Σarrow_forwardOn January 1, 2020, you borrowed S1000 from a bank On December 31, 2020 YON DOO on O N complotely by depositing $1040 ir the rate of innation was 3% the REAL rate of interest on VONGONDN or39 closest fo Select one O 12% O. DO% Oc 1.00% 0.07%arrow_forwardSolve this accounting not use excelarrow_forward
- For items 16-20 Suppose that Zab borrowed P50,000 from a cooperative on January 8, 2020 and paid the entire sum including interest on April 3 of the same year, and that the interest rate is 1.5%. 16. Determine the exact time for the computation of exact interest. 17. Determine the approximate time for the computation of ordinary interest. 18. Find the amount of interest earned, if it is computed using the exact simple interest. 19. Find the amount of interest earned, if it is computed using the ordinary simple interest. 20. Find the amount of interest earned, if it is computed using the banker's rule.arrow_forwardCalculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) Note: Round your answers to the nearest cent. Purchase price of a used car $5,633 By table By formula Down payment $1,203 Monthly Payment Number of monthly payments 48 Amount financed $4,430 Total of monthly payments $5,689.76 Total finance charge $1,259.76 APR 13%arrow_forwardWhat should be the age of receivables in 2021?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education