The following information was taken from the 2012 statement of shareholders equity of The Home Depot (dollars in millions) a What portion of net income was paid out in dividends during the year b Explain how the issuance of shares affected the basic accounting equation c Explain how the purchase of treasury stock affected the basic accounting equation d How much cash was distributed to the companys shareholders during the year e What was the balance sheet value of the retained earnings account at the end of theyear Additional Pald In Common Stock CapitRetained Eamings Treasury Stock ($6,964) Beginning balance Net income Shares issued under $17,246 4,535 $87 $6,966 678 employee stock plans, stock options, other Repurchase of common stock Cash dividends 300 (4,000) (1,743)

Question: The following information was taken from the 2012 statement of shareholders equity of The Home Depot (dollars in millions): a. What portion of net income

The following information was taken from the 2012 statement of shareholdersâ€™ equity of The Home Depot (dollars in millions):

a. What portion of net income was paid out in dividends during the year?
b. Explain how the issuance of shares affected the basic accounting equation.
c. Explain how the purchase of treasury stock affected the basic accounting equation.
d. How much cash was distributed to the companyâ€™s shareholders during the year?
e. What was the balance sheet value of the retained earnings account at the end of theyear?

Additional Pald-In Common Stock CapitRetained Eamings Treasury Stock ($6,964) Beginning balance Net income Shares issued under $17,246 4,535 $87 $6,966 678 employee stock plans, stock options, other Repurchase of common stock Cash dividends 300 (4,000) (1,743)

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