The following information came from a recent balance sheet of The Coca Cola, Co. a. Determine the

Question:

The following information came from a recent of The Coca Cola, Co.

End of Year Beginning of Year $92.0 billon $61.5 billon $90.1 billon Assets Llabilitles Owners' Equity $33.4 bllon

a. Determine the amount of total liabilities reported in Coca-Cola€™s balance sheet at the beginning of the year.

b. Determine the amount of total owners€™ equity reported in Coca-Cola€™s balance sheet at the end of the year.

c. Retained earnings was reported in Coca-Cola€™s year-end balance sheet at $63.4 billion. If retained earnings was $61.7 billion at the beginning of the year, determine net income for the year if a $5.4 billion dividend was declared during the year.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...