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The Coca-Cola Company and Subsidiaries reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2015. (All amounts are stated in millions of dollars.)
|Net income attributable to shareowners of The|
|Coca-Cola Company for 2015||$ 7,351|
|Dividends in 2015||5,741|
|Reinvested earnings, December 31, 2014||63,408|
|Reinvested earnings, December 31, 2015||65,018|
- Prepare a statement of retained earnings for The Coca-Cola Company for the year ended December 31,2015.
- The Coca-Cola Company does not actually present a statement of retained earnings in its annual report. Instead, it presents a broader statement of shareholders' equity. Describe the information that would be included on this statement that is not included on a statement of retained earnings.
Big City Bank processes the checks its customers write at Riverdale Operations Center (ROC). ROC processed 2,800,000 checks in September. It takes only seconds to process a check, so none are left unprocessed at the end of the day. ROC cost data from September display the following costs:
Compute the cost per processed check for September at ROC.
The Clear View Golf & Country Club details the following accounts in its financial statements.
(a) (b) Accounts payable _____ _____ Accounts receivable _____ _____ Equipment _____ _____ Sales revenue _____ _____ Service revenue _____ _____ Inventory _____ _____ Mortgage payable _____ _____ Supplies expense _____ _____ Rent expense _____ _____ Salaries and wages expense _____ _____
(b) Classify each of the above accounts as a financing activity (F), investing activity (I), or operating activity (O). If you believe a particular account doesn’t fit in any of these activities, explain why.