How do you Calculate "Change in Retained Earnings"? (Ignore the number I have down in second column for Change in R/E, it is wrong) Balance SheetAssetsCashShort-Term InvestmentsAccounts ReceivableInventoryOther Current AssetsCurrent AssetsNet Property Plant & EquipmentIntangiblesOther Long-Term AssetsTotal Long-Term AssetsTotal AssetsLiabilitiesAccounts PayableAccrued ExpensesNotes PayableCurrent Portion of Long-Term DebtOther Current LiabilitiesCurrent LiabilitiesLong-Term DebtOther Long-Term LiabilitiesTotal LiabilitiesEquityMinority InterestPreferred StockCommon StockRetained EarningsTotal Common EquityTotal Stockholders' EquityTotal Liab. & Equity$$1,400.51,462.85,283.4 $ 12,494.24,919.55,929.11,980.64,583.82,182.11,149.314,365.611,662.2$ 19,649.0 $ 24,156.4$2,462.3 $228.6870.4$1,364.0358.1$782.5 $1,278.4349.92,159.82,588.64,220.7 $5,684.29,090.23,932.6755.38,206.2$ 8,908.6 $ 22,980.68,756.3181.5693.16.9 $42.55,407.65,457.0 $$$ 5,457.0 $1,179.31,566.46.342.41,127.11,175.81,175.8$ 25,279.6 $ 26,508.0 Common Shares OutstandingStock Price (per share)Income StatementSalesCosts of Goods SoldDepreciation and AmortizationSelling, General & Administrative ExpenseEarnings Before Interest and Taxes (EBIT)InterestEarnings Before Unusual ItemsUnusual Expenses (Profits)Earnings Before Taxes (EBT)TaxesNet IncomeCommon DividendsNet IncomeCommon DividendsOther Dividends & DistributionsAddition to Retained EarningsAdditional CalculationsChange in Retained Earnings$$$ 22,386.8 $ 24,719.516,074.017,843.61,011.41,247.01,393.31,755.43,908.193.6$143253.7 $$3,814.5(503.0)4,317.5130956.81,432.62,884.9 $1,515.93,873.5170.33,703.2(2,076.8)5,780.01,262.04,518.01,760.52,884.9 $4,518.01,515.91,760.51,802.87,038.0(433.8) $ (4,280.5)#VALUE! $ (3,846.7)

Answer:- Retained earnings meaning:- After deducting dividend payments, a company's retained…

Common Shares Outstanding Stock Price (per share) Income Statement Sales Costs of Goods Sold Depreciation and Amortization Selling, General & Administrative Expense Earnings Before Interest and Taxes (EBIT) Interest Earnings Before Unusual Items Unusual Expenses (Profits) Earnings Before Taxes (EBT) Taxes Net Income Common Dividends Net Income Common Dividends Other Dividends & Distributions Addition to Retained Earnings Additional Calculations Change in Retained Earnings S 1432 53.7 $ $ 22,386.8 $ 24,719.5 16,074.0 17,843.6 1,011.4 1,247.0 1,393.3 1,755.4 3,908.1 93.6 1309 56.8 $ 2,884.9 $ 1,515.9 $ 3,814.5 3,703.2 (503.0) (2,076.8) 4,317.5 5,780.0 1,432.6 1,262.0 $ 2,884.9 $ 4,518.0 1,515.9 1,760.5 3,873.5 170.3 4,518.0 1,760.5 1,802.8 7,038.0 (433.8) $ (4,280.5) #VALUE! $ (3,846.7)

Common Shares Outstanding Stock Price (per share) Income Statement Sales Costs of Goods Sold Depreciation and Amortization Selling, General & Administrative Expense Earnings Before Interest and Taxes (EBIT) Interest Earnings Before Unusual Items Unusual Expenses (Profits) Earnings Before Taxes (EBT) Taxes Net Income Common Dividends Net Income Common Dividends Other Dividends & Distributions Addition to Retained Earnings Additional Calculations Change in Retained Earnings S 1432 53.7 $ $ 22,386.8 $ 24,719.5 16,074.0 17,843.6 1,011.4 1,247.0 1,393.3 1,755.4 3,908.1 93.6 1309 56.8 $ 2,884.9 $ 1,515.9 $ 3,814.5 3,703.2 (503.0) (2,076.8) 4,317.5 5,780.0 1,432.6 1,262.0 $ 2,884.9 $ 4,518.0 1,515.9 1,760.5 3,873.5 170.3 4,518.0 1,760.5 1,802.8 7,038.0 (433.8) $ (4,280.5) #VALUE! $ (3,846.7)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter10: Long-term Liabilities

Section: Chapter Questions

Problem 10.10E

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