Question
Unilever Group reports the following equity information for the years ended December 31, 2015 and 2014 (euros in millions). December 31 2015 2014 Share capital
Unilever Group reports the following equity information for the years ended December 31, 2015 and 2014 (euros in millions).
December 31 | 2015 | 2014 |
---|---|---|
Share capital | 484 | 484 |
Shares premium | 152 | 145 |
Other reserves | (7,816) | (7,538) |
Retained profit | 22,619 | 20,560 |
Shareholders' equity | 15,439 | 13,651 |
1. Match each of the three account titles--Share capital, Share premium, and Retained profit--with the usual account titles applied under U.S. GAAP from the following options:
_____a. Paid-in capital in excess of par value, common stock
_____b. Retained earnings
_____c. Common stock, par value
2. Prepare Unilever's journal entry, using its account titles, to record the issuance of capital stock assuming that its entire par value stock was issued on December 31, 2014, for cash.
3. What were Unilever's 2015 dividends assuming that only dividends and income impacted retained profit for 2015 and that its 2015 income totaled 5,259?
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