Question: 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
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 | (695) |
| Share repurchases | (731) |
| Other | (8) |
| Ending Balance at Dec. 31, 2016 | 10,425 |
| Net income | 5,404 |
| Dividends on Common Stock |
|
| Share repurchases | (945) |
| Other | (5) |
| Ending Balance at Dec. 31, 2017 | 14,176 |
| Net income | 2,666 |
| Dividends on Common Stock | (844) |
| Share repurchases |
|
| Other | 81 |
| Ending Balance at Dec. 31, 2018 | $13,440 |
Share repurchases is not -2477
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