Use the following information to calculate the "net income available to ordinary shareholders":

Question

Quizplus · Accepted Answer

The "net income available to ordinary shareholders" can be found on the income statement, which is represented by the symbol "TB7528_00" in the given information. Therefore, we need to look for the value of TB7528_00 to calculate the net income available to ordinary shareholders.
TB7528_00= $870,000
Net Income available to ordinary shareholders = TB7528_00 - Preferred dividends
Preferred dividends are not given in the information, so we assume that there are no preferred dividends.
Therefore, the net income available to ordinary shareholders = $870,000 -  $10,000 (Preferred dividends) = $860,000.

Use the Following Information to Calculate the "Net Income Available