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

FINANCIAL ACCOUNTING
10th Edition
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Chapter1: Financial Statements And Business Decisions
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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
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
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