Colgate-Palmolive Company reports the following balances in its retained earnings. During 2017. Colgate-Palmolive reported net income of

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Colgate-Palmolive Company reports the following balances in its retained earnings.

During 2017. Colgate-Palmolive reported net income of $2,024 million.

a. Assume that the only changes affecting retained earnings were net income and dividend. What amount of dividends did Colgate-Palmolive pay to its shareholders in 2017?

b. This dividend amount constituted what percent of it's net income?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 01:54 AM

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Colgate-Palmolive Company reports the following balances in its retained earnings. During 2017. Colgate-Palmolive reported net income of

Question:

(S milions) 2017 2016 Retained earnings $20,531 $19,922

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Computation of dividends Retained earnings 2016 ...View the full answer

Financial Accounting

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