Compute the Missing Amount Affecting Retained Earnings for Year 2

question 51

Short Answer

Compute the missing amount affecting retained earnings for Year 2 in each of the five independent cases that follow.Amounts shown are in millions.
$\begin{array}{llllllr}&\text { CASE A } & \text { CASE B } & \text { CASE C } & \text { CASE D } & \text { CASE E }\\\text { Retained earnings, Dec. 31, } \text { Year 1 } & \$ 95 & \text { B } & \$ 75 & \$ 87 & \$ 175 \\\text { Net income } & 30 & \$ 450 & 45 & \mathbf{D} & (50) \\\text { Dividends declared and paid } & 10 & 120 & \mathbf{C} & 35 & \text { E } \\\text { Retained earnings, Dec. 31, } \text { Year 2 } & \mathbf{A} & 670 & 60 & 105 & 75\end{array}$

---

Definitions:

Conscious Mind

The aspect of the mind that is aware of thoughts, feelings, and surroundings at any given moment.

Behaviors

Behaviors are the actions or reactions of an individual or a system in response to external or internal stimuli.

Positron-Emission Tomography

An imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes, and hence, the functioning of organs and tissues.

Brain Activation

The process by which regions of the brain become more active, typically in response to a specific stimulus or task.