Applying Financial Statement Relations to Compute Dividends a. 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 $10,191 Net income Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2016 Net income Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2017 Net Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2018 0 (695) (731) (8) 10,425 5,404 0 (945) (5) 14,176 2,666 (844) 0 81 $13,440 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018? ◆
Applying Financial Statement Relations to Compute Dividends a. 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 $10,191 Net income Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2016 Net income Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2017 Net Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2018 0 (695) (731) (8) 10,425 5,404 0 (945) (5) 14,176 2,666 (844) 0 81 $13,440 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
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Transcribed Image Text:Applying Financial Statement Relations to Compute Dividends
a. 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
$10,191
Net income
Dividends on Common Stock
Share repurchases
Other
Ending Balance at Dec. 31, 2016
Net income
Dividends on Common Stock
Share repurchases
Other
Ending Balance at Dec. 31, 2017
Net
Dividends on Common Stock
Share repurchases
Other
Ending Balance at Dec. 31, 2018
0
(695)
(731)
(8)
10,425
5,404
0
(945)
(5)
14,176
2,666
(844)
0
81
$13,440
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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