TriCycle, Corp

question 85

Multiple Choice

TriCycle, Corp. began the year 2018 with $25 million in retained earnings. The firm earned net income of $7 million in 2018 and paid $1 million to its preferred stockholders and $3 million to its common stockholders. What is the year-end 2018 balance in retained earnings for TriCycle?

• A) $25 million
• B) $28 million
• C) $32 million
• D) $36 million

---

Definitions:

Experiment Stages

The sequential phases in conducting a scientific experiment, typically including hypothesis, experimentation, observation, and conclusion.

Duplicating Experiment

The process of repeating a scientific experiment to verify results and ensure reliability.

Desalination

The process of removing salt and other minerals from seawater or brackish water to produce fresh water suitable for human consumption or irrigation.

Digital Camera

A camera that captures photographs in digital format, allowing for immediate viewing, digital storage, and easy sharing.