Use the following data in millions for campbell soup co for, Ask an Expert

Accounting

Use the following data (in millions) for Campbell Soup Co. for the year ending August 1, 2004, to answer the following questions.

Retained earnings August 3, 2003 $5,254

Retained earnings August 1, 2004 5,642

Net cash from operating activities 1,106 Net decrease in cash 3

a. Determine the net increase or decrease in retained earnings during 2004.

b. If dividends in 2004 are $259, what was the net income or loss for Campbell Soup for the year ending August 1, 2004?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91573865

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