A recent statement of comprehensive income for Caterpillar, Inc., was disclosed as follows (all amounts in millions):
Question:
A recent statement of comprehensive income for Caterpillar, Inc., was disclosed as follows (all amounts in millions):
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The balance sheet dated December 31, 2003, showed a retained earnings balance of $8,450 and an accumulated other comprehensive loss of $517. The company declared $548 in dividends during the fiscal year.
a. What is the total other comprehensive income or loss for Caterpillar for the fiscal year ended December 31, 2004?
b. What percent of total comprehensive income consists of other comprehensive income items? Round percent to one decimal place.
c. What was the December 31, 2004, balance of (1) Retained Earnings and (2) Accumulated Other ComprehensiveLoss?
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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a Other comprehensive income in millions Foreign currency translation 141 ...View the full answer
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
