Brunswick Corporation reported the following amounts in various statements included in its Form 10-K for the year
Question:
Brunswick Corporation reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2015. (All amounts are stated in millions of dollars.)
Net earnings for 2015 ................................................... $ 241.4
Cash dividends paid in 2015 .............................................. 48.3
Retained earnings, December 31, 2014 .......................1,467.3
Retained earnings, December 31, 2015 .......................1,660.4
Required
1. Prepare a statement of retained earnings for Brunswick Corporation for the year ended December 31, 2015.
2. Brunswick does not actually present a statement of retained earnings in its annual report. Instead, it presents a broader statement of shareholders' equity. Describe the information that would be included on this statement that is not included on a statement of retained earnings?
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
