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Tasty Cola and Subsidiaries reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2013. (All amounts
Tasty Cola and Subsidiaries reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2013. (All amounts are stated in millions of dollars.) Net income attributable to shareowners of Tasty Cola for 2013 $11,809 Dividends in 2013 4,068 Retained earnings, December 31, 2012 22,595 Retained earnings, December 31, 2013 30,336 Required: 1. Prepare a statement of retained earnings for Tasty Cola for the year ended December 31, 2013. Enter amounts in millions. Tasty Cola Statement of Retained Earnings For the Year Ended December 31, 2013 (Amounts In Millions) 2. Which of the following statement is correct? 1. The statement of shareholders' equity does not show any opening balance. 2. The balance in the statement of shareholder's equity is shown on the income statement. 3. Any information normally provided in the statement of retained earnings is not shown on the Statement of shareholder's equity. 4. Statement of shareholder's equity would also show issuance and retirement of stock
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