Question

Stament of Stockholders Equity From lowes and Home depot 10 k- 1 Year 2016 . What colums are presented? 2.What amounts are carried from the income stament? 3.What amounts are carried to the balance sheet? 4.What causes retained earnings to change? 5.Are there any unusual items? Need help finding these on the 10 k forms or what would the answer would be .

Answer 1

Lowe’s Companies, Inc.

Consolidated Statements of Shareholders’ Equity

(In millions

What colums are presented?

The columns presented are

  

  

  

  

  

  

Common Stock

Capital in Excess of Par Value

Retained Earnings

Accumulated Other Comprehensive Income/(Loss)

Total Lowe’s Companies, Inc. Shareholders’ Equity

Noncontrolling Interest

Total Equity

Shares

Amount

2.What amounts are carried from the income statement?

The following amounts are carried from income statement

• Net earnings for $3091 million
• Other comprehensive income for $154 million

3.What amounts are carried to the balance sheet?

The total shareholders Equity for $6434 million as on February 3 , 2017 in the of balance sheet

4.What causes retained earnings to change?

The reasons for change in retained earnings are as follows

• The opening balance of retained earnings was $7593 million as on jan 29,2016
• The net income from profit and loss a/c was transferred and increased the retained earnings $3091 million
• The dividend of $1.33 per share was declared and paid from retained earning decreasing the balance of retained earnings by $1169 million
• The company repurchased the common stock for $3274 million and paid from retained earnings account reducing the retained earning a/c by $3274 million
• The closing balance of retained earnings as on February 3 , 2017 is $6241 million

5.Are there any unusual items? Need help finding these on the 10 k forms or what would the answer would be .

The unusual item for fiscal year 2016 in shareholders equity is

Purchase of non controlling interest the total impact is zero in to consolidated shareholders equity balance but different line items are showed in above Consolidated Statements of Shareholders’ Equity

2) as per 10-k filing of Home depot

What columns are presented?

Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions

Total

Common Stock [Member]

Paid-in Capital [Member]

Retained Earnings [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Treasury Stock [Member]

2. What amounts are carried from the income statement?

The following amounts are carried from income statement

• Net earnings for $7957 million
• Other comprehensive income for $33 million

3. What amounts are carried to the balance sheet?

The total shareholders Equity for $4333 million as on January 29 , 2017 in the balance sheet

4. What causes retained earnings to change?

The reasons for change in retained earnings are as follows

• The opening balance of retained earnings was $30973 million as on jan 31,2016
• The net income from profit and loss a/c was transferred and increased the retained earnings $7957 million
• The cash dividend of $3404 million was declared and paid from retained earning decreasing the balance of retained earnings by $3404 million
• There was deduction of $7 million from retained earnings
• The closing balance of retained earnings as on jan 29 , 2017 is $35519 million

5.Are there any unusual items? Need help finding these on the 10 k forms or what would the answer would be .

Ans

Accumulated Other Comprehensive Income (Loss) as on jan 29, 2017 is $ 867 million