Question
Financial Statement Relations to Compute Dividends Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions)20132012Retained earnings$17,952$16,953 During 2013, Colgate-Palmolive reported net income
Financial Statement Relations to Compute Dividends
Colgate-Palmolive Company reports the following balances in its retained earnings.
($ millions)20132012Retained earnings$17,952$16,953
During 2013, Colgate-Palmolive reported net income of $2,410 million.
a. Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did Colgate-Palmolive pay to its shareholders in 2013?
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
