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Constructing a Retained Earnings Reconciliation from Financial Data Assume the following is financial information from Johnson & Johnson for the year ended December 28,
Constructing a Retained Earnings Reconciliation from Financial Data Assume the following is financial information from Johnson & Johnson for the year ended December 28, 2014. ($ millions) Retained earnings, December 29, 2013 $94,493 Dividends Net income Other retained earnings changes $8,218 19,323 Retained earnings, December 28, 2014 (1,253) ? Prepare the 2014 fiscal-year retained earnings reconciliation for Johnson & Johnson (in millions). Use negative signs with any answers that reduce the retained earnings balance. Johnson & Johnson Statement of Retained Earnings For Year Ended December 28, 2014 Add: Less: Other retained earnings changes = $ 0 0 0 0 " $ 0
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