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 for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
