Consider the Above Statement of Cash Flows

question 18

Multiple Choice

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

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Definitions:

Square Footage

The area measurement of a space, typically used in real estate to describe the size of a building or room, measured in square feet.

Administrative Cost

Expenses related to the general management and administration of a business, as opposed to production, marketing, or direct operations costs.

Administrative Costs

Expenses related to the general operation of a business that are not directly tied to a specific project or product.

Maintenance Department

A division within an organization responsible for the upkeep, repair, and smooth running of equipment and facilities.