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Accumulated other comprehensive income is a subsection in equity where "other comprehensive income" is accumulated (summed or "aggregated"). The balance of AOCI is presented in the Equity section of the Balance Sheet as is the Retained Earnings balance, which aggregates past and current Earnings, and past and current Dividends.
These items are not part of net income, yet are important enough to be included in comprehensive income, giving the user a bigger, more comprehensive picture of the organization as a whole. Items included in comprehensive income, but not net income, are reported under the accumulated other comprehensive income section of shareholder's equity.
Line items typically include profits or losses from operations, dividends paid, issue or redemption of shares, revaluation reserve and any other items charged or credited to accumulated other comprehensive income. It also includes the non-controlling interest attributable to other individuals and organisations.
Income tax expense was $25.9 million in the fourth quarter of 2024, an effective income tax rate of 26.5%, compared to $15.9 million in the fourth quarter of 2023, an effective income tax rate of 25.6%. Net earnings were $71.7 million, an increase of 55.5%, or $25.6 million, compared to $46.1 million in the prior year period.
Net income in the fourth quarter of 2024 totaled $4.4 million compared to a net loss of $1.2 million in the fourth quarter of 2023. Cash, cash equivalents and restricted cash as of September 30, 2024 was $5.4 million, compared to $6.3 million as of September 30, 2023.
Corporations with net accumulated losses may refer to negative shareholders' equity as positive shareholders' deficit. A report of the movements in retained earnings is presented along with other comprehensive income and changes in share capital in the statement of changes in equity.
Since these income-producing investments pay out monthly or quarterly dividends, you can avoid income tax on these distributions by keeping them in IRAs, 401ks, or other tax-protected accounts ...
Researchers at the Sylvester Comprehensive Cancer Center at the University of Miami Miller School of Medicine say that individuals experiencing accelerated aging may benefit from earlier screenings.