Use the table for the question(s)below.
AOS Industries Statement of Cash Flows for 2015

-Consider the above statement of cash flows.If all amounts shown above are in millions of dollars,what was AOS Industries' change in retained earnings for 2015?
A)$1.3 million
B)$1.7 million
C)$2.1 million
D)$5.4 million
E)$3.2 million

Question

Use the table for the question(s)below.
AOS Industries Statement of Cash Flows for 2015
 
-Consider the above statement of cash flows.If all amounts shown above are in millions of dollars,what was AOS Industries' change in retained earnings for 2015?
A)$1.3 million 
B)$1.7 million 
C)$2.1 million 
D)$5.4 million 
E)$3.2 million

Quizplus · Accepted Answer

The change in retained earnings is typically calculated as net income minus dividends paid. The statement of cash flows would provide information on net income and dividends, allowing for the calculation of the change in retained earnings.

Use the Table for the Question(s)below