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Pag question Applying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings
Pag question Applying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings Note: Use negative signs with your answers, when appropriate Norfolk Southern Inc. Consolidated Statements of Changes in Retained Income Beginning Balance at Dec 31, 2015 Net income $12.229 Dividends on Common Stock (834) Share repurchases 1877 Other (101 Ending Balance at Dec. 31, 2016 12.510 Net income 485 Dividends on Common Stock 0 Share repurchases (1,134) Other (6) Ending Balance at Dec. 31, 2017 17.011 Net income 3.199 Dividends on Common Stock Share repurchases Other Ending Balance at Dec 31, 2018 (1,013) 97 $16.128 b. is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018?
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