Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use...

 

Transcribed Image Text:

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 $12,229 Net income 0 Dividends on Common Stock (834) Share repurchases (877) Other (10) Ending Balance at Dec. 31, 2016 12,510 Net income 6,485 Dividends on Common Stock 0 Share repurchases (1,134) Other (6) Ending Balance at Dec. 31, 2017 17,011 Net income 3,199 (1,013) 0 Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2018 97 $16,128 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018? 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 $12,229 Net income 0 Dividends on Common Stock (834) Share repurchases (877) Other (10) Ending Balance at Dec. 31, 2016 12,510 Net income 6,485 Dividends on Common Stock 0 Share repurchases (1,134) Other (6) Ending Balance at Dec. 31, 2017 17,011 Net income 3,199 (1,013) 0 Dividends on Common Stock Share repurchases Other Ending Balance at Dec. 31, 2018 97 $16,128 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018?