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Assume that Maple Leaf Foods had the following changes to its shareholders' equity in 2018: dividends declared of $65,199
thousand, and other shareholders' equity items of $(80.998) thousand. How much net income did the company report in 2018?
(Enter amount in thousands)

Respuesta :

Based on the changes to shareholder equity, we can conclude that Maple Leaf Foods had a net income of $146,197 thousand.

The net income of a company is usually sent to the retained earnings. From here, dividends might be taken out and then the remaining retained earnings go to equity.

The net income in the scenario therefore, is the entire changes in equity including the dividends that were paid:

Net income = Dividends + Other equity items

= 65,199 + 80,998

= $146,197

In conclusion, the company reported $146,197 thousand in net income.

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