Energy Corporation, a U

question 62

Multiple Choice

Energy Corporation, a U.S.diversified power management company, reported a balance in Retained Earnings of $2,800 million at the beginning of 2013 and $3,300 million at the end of 2013.Based on Energy Corporation's financial reports for fiscal 2013, it reported dividends declared and paid of $250 million for 2013.Compute the amount of net income for 2013.(Energy Corporation applies U.S.GAAP, and reports its results in millions of U.S.dollars.)

• A)-$250 million
• B)$250 million
• C)$550 million
• D)$750 million
• E)none of the above

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