Verifying Articulation of Financial Statements Access the 2017 10-K for Nike at the SECs EDGAR database of financial reports (www.sec.gov). Using its consolidated statement of stockholders equity, prepare a table similar to Exhibit 1.9 (found in Chapter 1 of the textbook on page 13) showing the articulation of its retained (reinvested) earnings for the year ended May 31, 2017. Click link to access a copy of Nike's 2017 10-K: View Nike's 2017 10-K Use negative signs with answers that reduce retained earnings.

I do not understand why -1133 is not correct for common stock dividends.

Verifying Articulation of Financial Statements Access the 2017 10-K for Nike at the SEC'S EDGAR database of financial reports (www.sec.gov). Using its consolidated statement of stockholders' equity, prepare a table similar to Exhibit 1.9 (found in Chapter 1 of the textbook on page 13) showing the articulation of its retained (reinvested) earnings for the year ended May 31, 2017. Click link to access a copy of Nike's 2017 10-K: View Nike's 2017 10-K Use negative signs with answers that reduce retained earnings. Nike Statement of Retained Earnings For Year Ended May 31, 2017 (in millions) Retained earnings, May 31, 2016 4,151 Net income for the year ended May 31, 2017 4,240 Common stock dividends (1,133) X Other changes* (3,279) X Reinvested earnings, May 31, 2017 $ 3,979 *Include net amount of all other changes to retained earnings excluding net income and dividends on common stock $ Was Nike more or less profitable in 2017 compared to 2018? More profitable