AOS Industries Statement of Cash Flows for 2008

Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008?
A) $5.2 million
B) $2.2 million
C) $4.4 million
D) $3.1 million

Question

AOS Industries Statement of Cash Flows for 2008

Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008?
A) $5.2 million 
B) $2.2 million 
C) $4.4 million 
D) $3.1 million

Quizplus · Accepted Answer

B) $3.2 - $1 = $2.2 million