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, 2015. (All amounts are stated in millions of dollars.)
Net income attributable to share-owners of The
Coca-Cola Company for 2015 .............................................. $ 7,351
Dividends in 2015 ..................................................................... 5,741
Reinvested earnings, December 31, 2014 ...........................63,408
Reinvested earnings, December 31, 2015 ...........................65,018
Required
1. Prepare a statement of retained earnings for The Coca-Cola Company for the year ended December 31, 2015.
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:
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton