. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative signs with your answers, when appropriate. Norfolk Southern Inc. Consolidated Statements of Changes in Retained Income Beginning Balance at Dec. 31, 2015 $12,229 Net income Answer Dividends on Common Stock (834) Share repurchases (877) Other (10) Ending Balance at Dec. 31, 2016 12,510 Net income 6,485 Dividends on Common Stock Answer Share repurchases (1,134) Other (6) Ending Balance at Dec. 31, 2017 17,011 Net income 3,199 Dividends on Common Stock (1,013) Share repurchases Answer Other 97 Ending Balance at Dec. 31, 2018 $16,128 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018
. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative signs with your answers, when appropriate. Norfolk Southern Inc. Consolidated Statements of Changes in Retained Income Beginning Balance at Dec. 31, 2015 $12,229 Net income Answer Dividends on Common Stock (834) Share repurchases (877) Other (10) Ending Balance at Dec. 31, 2016 12,510 Net income 6,485 Dividends on Common Stock Answer Share repurchases (1,134) Other (6) Ending Balance at Dec. 31, 2017 17,011 Net income 3,199 Dividends on Common Stock (1,013) Share repurchases Answer Other 97 Ending Balance at Dec. 31, 2018 $16,128 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a. Fill in the amounts for the Norfolk Southern statement of changes in
Note: Use negative signs with your answers, when appropriate.
| Norfolk Southern Inc. | |
|---|---|
| Consolidated Statements of Changes in Retained Income | |
| Beginning Balance at Dec. 31, 2015 | $12,229 |
| Net income | Answer |
| Dividends on Common Stock | (834) |
| Share repurchases | (877) |
| Other | (10) |
| Ending Balance at Dec. 31, 2016 | 12,510 |
| Net income | 6,485 |
| Dividends on Common Stock | Answer |
| Share repurchases | (1,134) |
| Other | (6) |
| Ending Balance at Dec. 31, 2017 | 17,011 |
| Net income | 3,199 |
| Dividends on Common Stock | (1,013) |
| Share repurchases | Answer |
| Other | 97 |
| Ending Balance at Dec. 31, 2018 | $16,128 |
b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018?
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