The Coca-Cola Company and Subsidiaries reported the following amounts in various statements included in its Form 10-K
Question:
The Coca-Cola Company 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 The .......$8,584
Coca-Cola Company for 2013
Dividends in 2013 .......................................4,969
Reinvested earnings, December 31, 2012 .............58,045
Reinvested earnings, December 31, 2013 ..............61,660
Required
1. Prepare a statement of retained earnings for The Coca-Cola Company for the year ended December 31, 2013.
2. The Coca-Cola Company does not actually present a statement of retained earnings in its annual report. Instead, it presents a broader statement of shareholders' equity. Describe the information that would be included on this statement that is not included on a statement of retained earnings.
Step by Step Answer:
Financial Accounting The Impact On Decision Makers
ISBN: 9781305793194
10th Edition
Authors: Gary A. Porter, Curtis L. Norton