Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

this is for my project im doing delta airlines and after reading the 10-k im confused on doing the statement of retained earnings local current

this is for my project im doing delta airlines and after reading the 10-k im confused on doing the statement of retained earnings image text in transcribed
image text in transcribed
local current sets December I. 26543 Noncurrent Assets Property and equipment, net of accumulated depreciation and amortization of 515 823 514,091 2018 2017 celine Operating lase right-of-usesse Goodwill Identifiable intangibles, net of accumulated amortization of 1862 and 5345 at December 31, 2018 22335 5994 9,781 9,794 2017. 4.30 1.136 1.154 3.309 45.867 53,671 1,518 5 2.242 Cash restricted for airport construction Deferred income taxes act Other noncurrent assets Total morrent assets Total acts LIABILITIES AND STOK KIOLDERS' EQUITY Current Lates Current maturities of long-term debt and finance cases Current maturities of operating leases Air traffic liability Accounts payable Accrued salaries and related benefits Loyalty program deferred revenue Fuel cardigation Other accrued liabilities Total current liabilities 915 3634 3.022 4,661 2.976 3.287 2.989 1,075 1.117 18.57% 2,762 1067 1.868 18.959 Noncurrent Liabilities: Long-term dicht and finance leases Pension postretirement and related benefits Loyalty program deferred revenue Noecurrent operating cases Other noncurrent liabilities Total noncurrent liabilities 6.592 9,810 3.559 8253 9.163 3.652 5.801 1.132 28,001 2.221 Commitments and Contingencies Stockholders' Equity Common stock at 50 0001 par value: 1.500,000,000 shares wuthorized, 688,136,306 and 714,674,160 shares issued at December 31, 2018 and 2017, respectively Additional paid-in capital Retained carings Accumulated other comprehensive loss Treasury stock, at cost, 8,191,831 and 7,476,181 shares at December 31, 2018 and 2017, respectively Total stockholders' equity Total liabilities and stockholders' equity The accompanying notes are an integral part of these Consolidated Financial Statements 11,671 10.039 (7.625) (198) 13.687 602665 12,053 8.256 (7.621) (158 12.530 $3,671 5 Section 20: The Statement of Retained Earnings Item Amount Opening Balance +Net Income (or --Net Loss) -Dividends +- Other Items in the Retained Earnings column O ored Closing Balance The opening balance in Retained Earnings matches last year's closing RE balance on the Balance Sheet. (v or X) The closing balance in Retained Earnings matches this year's closing RE balance on the Balance Sheet. (V or X) The net income amount matches the net income amount on the company's current income statement. (vor X) local current sets December I. 26543 Noncurrent Assets Property and equipment, net of accumulated depreciation and amortization of 515 823 514,091 2018 2017 celine Operating lase right-of-usesse Goodwill Identifiable intangibles, net of accumulated amortization of 1862 and 5345 at December 31, 2018 22335 5994 9,781 9,794 2017. 4.30 1.136 1.154 3.309 45.867 53,671 1,518 5 2.242 Cash restricted for airport construction Deferred income taxes act Other noncurrent assets Total morrent assets Total acts LIABILITIES AND STOK KIOLDERS' EQUITY Current Lates Current maturities of long-term debt and finance cases Current maturities of operating leases Air traffic liability Accounts payable Accrued salaries and related benefits Loyalty program deferred revenue Fuel cardigation Other accrued liabilities Total current liabilities 915 3634 3.022 4,661 2.976 3.287 2.989 1,075 1.117 18.57% 2,762 1067 1.868 18.959 Noncurrent Liabilities: Long-term dicht and finance leases Pension postretirement and related benefits Loyalty program deferred revenue Noecurrent operating cases Other noncurrent liabilities Total noncurrent liabilities 6.592 9,810 3.559 8253 9.163 3.652 5.801 1.132 28,001 2.221 Commitments and Contingencies Stockholders' Equity Common stock at 50 0001 par value: 1.500,000,000 shares wuthorized, 688,136,306 and 714,674,160 shares issued at December 31, 2018 and 2017, respectively Additional paid-in capital Retained carings Accumulated other comprehensive loss Treasury stock, at cost, 8,191,831 and 7,476,181 shares at December 31, 2018 and 2017, respectively Total stockholders' equity Total liabilities and stockholders' equity The accompanying notes are an integral part of these Consolidated Financial Statements 11,671 10.039 (7.625) (198) 13.687 602665 12,053 8.256 (7.621) (158 12.530 $3,671 5 Section 20: The Statement of Retained Earnings Item Amount Opening Balance +Net Income (or --Net Loss) -Dividends +- Other Items in the Retained Earnings column O ored Closing Balance The opening balance in Retained Earnings matches last year's closing RE balance on the Balance Sheet. (v or X) The closing balance in Retained Earnings matches this year's closing RE balance on the Balance Sheet. (V or X) The net income amount matches the net income amount on the company's current income statement. (vor X)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory And Applications

Authors: Edgar K. Browning, Mark A. Zupan

10th Edition

0470128917, 9780470128916

More Books

Students also viewed these Accounting questions

Question

3. Give examples of four fair disciplinary practices.

Answered: 1 week ago

Question

4. Explain how to use fair disciplinary practices.

Answered: 1 week ago