Night Scapes, Corp

question 93

Multiple Choice

Night Scapes, Corp. began the year 2018 with $10 million in retained earnings. The firm suffered a net loss of $2 million in 2018 and yet paid $2 million to its preferred stockholders and $1 million to its common stockholders. What is the year-end 2018 balance in retained earnings for Night Scapes?

• A) $5 million
• B) $8 million
• C) $9 million
• D) $15 million

---

Definitions:

Glycolysis

The metabolic pathway that converts glucose into pyruvate, producing ATP and NADH in the process, functioning in the cytoplasm of the cell.

Aerobic Respiration

The metabolic process in which cells convert glucose and oxygen into energy, carbon dioxide, and water; it is the primary method of energy production in animals.

Acetyl CoA

A central molecule in metabolism that conveys the carbon atoms within the acetyl group to the tricarboxylic acid cycle to be oxidized for energy production.

NADH

Nicotinamide adenine dinucleotide (reduced form), a coenzyme involved in cellular respiration and energy production within cells.