Homework Answers
Requirement c:
Reconciliation of beginning and ending balances of retained earnings
| ($ millions) | |
| Retained earnings, July 29,2007 | $7,072 |
| Net earnings | $1,145 |
| Dividends | ($337) |
| Miscellaneous | ($14) |
| Retained earnings, August 3,2008 | $7,866 |
Explanation:
Net earnings, dividends and Miscellaneous are taken from statement of stockholder's equity.
"Impact on adoption of FIN " is Miscellaneous
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What is common stock outstanding and show calculations please? Also, what is retained earnings balance and...
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calculations, same information used for both.
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please? Also, what is retained earnings balance and show
calculations, same information used for both.
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What is common stock outstanding and show calculations
please? Also, what is retained earnings balance and show
calculations, same information used for both.
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It would be great if you could show your work on excel if
possible.
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