Retained earnings 2015: $19,638 2014: $19,165 During 2015, Colgate-Palmolive reported net income of $2,239 million. a....
Retained earnings 2015: $19,638 2014: $19,165
During 2015, Colgate-Palmolive reported net income of $2,239 million. a. What amount of dividends, if any, did Colgate-Palmolive pay to its stockholders in 2015?
Homework Answers
| Retained Earnings A/c | |||
| Debit | Credit | ||
| Opening balance | $19,165 | ||
| Net Income | $2,239 | ||
| Closing balance | $19,638 | ||
| Cash(Dividend) (balancing figure) | $1,766 | ||
| $21,404 | $21,404 | ||
| Hence, dividend paid = $1,766 |
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