19. Caterpillar Inc. reports net income for 2013 of $ 3,789 million, retained earnings at the end of the year of $31,854 million, and dividends distributed during the year of $1,493 million. Assume there is no other transactions on retained earnings. What was the company's retained earnings balance at the start of 2013? A. $29,558 million B. $30,361 million C. $28,065 million D. $26,572 million Your answer is
19. Caterpillar Inc. reports net income for 2013 of $ 3,789 million, retained earnings at the end of the year of $31,854 million, and dividends distributed during the year of $1,493 million. Assume there is no other transactions on retained earnings. What was the company's retained earnings balance at the start of 2013? A. $29,558 million B. $30,361 million C. $28,065 million D. $26,572 million Your answer is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![19. Caterpillar Inc. reports net income for 2013 of $ 3,789 million, retained earnings at
the end of the year of $31,854 million, and dividends distributed during the
$1,493 million. Assume there is no other transactions on retained earnings. What was the
company's retained earnings balance at the start of 2013?
A. $29,558 million
year
of
B. $30,361 million
C. $28,065 million
D. $26,572
million
Your answer is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f32d27a-95f5-4029-927e-9b1537e7a1cc%2Fe8db9224-f64f-4b3b-9bf3-1551429fdc13%2F1853ha_processed.jpeg&w=3840&q=75)
Transcribed Image Text:19. Caterpillar Inc. reports net income for 2013 of $ 3,789 million, retained earnings at
the end of the year of $31,854 million, and dividends distributed during the
$1,493 million. Assume there is no other transactions on retained earnings. What was the
company's retained earnings balance at the start of 2013?
A. $29,558 million
year
of
B. $30,361 million
C. $28,065 million
D. $26,572
million
Your answer is
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education