Mr Husker's Tuxedos, Corp

question 46

Multiple Choice

Mr. Husker's Tuxedos, Corp. began the year 2018 with $205 million in retained earnings. The firm earned net income of $30 million in 2018 and paid $5 million to its preferred stockholders and $12 million to its common stockholders. What is the year-end 2018 balance in retained earnings for Mr. Husker's Tuxedos?

• A) $193,000,000
• B) $200,000,000
• C) $213,000,000
• D) $218,000,000

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