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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!