Question
Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained...
Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained earnings account for the three-year period.
|
(in millions) |
|
|
Retained earnings, December 31, 2016 |
5,808 |
|
Net income, 2016 |
1,264 |
|
Net income, 2015 |
307 |
|
Net income, 2014 |
2,452 |
|
Other, 2016 |
56 |
|
Dividends, 2016 |
82 |
|
Dividends, 2015 |
68 |
|
Dividends, 2014 |
67 |
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Following is information for Goodyear Tire & Rubber Company for three recent years. Reconcile the retained...
Following is information for Goodyear Tire & Rubber Company
for three recent years. Reconcile the retained earnings account for
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(in millions)
Retained earnings 12/31/2010
$866
Net income, 2013
629
Net income, 2012
212
Net income, 2011
343
Dividends, 2013
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Dividends, 2012
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Dividends, 2011
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The Goodyear Tire & Rubber Conpany's December 31,
2016 financial statements reported the following( in
millions)
Total
Assets
$16,511
Total
liabilities
11,786
Total Shareholders
Equity
4,725
Dividends
82
Net
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1,264
Retained earnings(Dec 31,2015) 4,570
What did Good year report for retained earnings at December 31,
2016 ?
(a) $5,907
(b) $5,916
(c) $5,834
(e) There is not enough information to determine the answer.
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The Goodyear Tire & Rubber Company's December 31, 2016
financial statements reported the following (in millions)
Total assets
$16,511
Total liabilities
11,786
Total shareholders' equity
4,725
Dividends
82
Net income (loss)
1,264
Retained earnings, December 31, 2015
$ 4,570
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31, 2016?
Select one:
A. $5,907 million
B. $5,752 million
C. $5,916 million
D. $5,834 million
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Retained earnings, December 31, 2013
250,000
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Dividends payable, December 31, 2013
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A ?
$28,515
Net income (loss) for the year
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C ?
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Retained earnings, end of year
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Required:
Prepare a statement of retained earnings for the year ended
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