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The following information was taken from the financial statements of the Eric Corporation. All dollar amounts are in billions. Assets, 12/31/02 $700 Common Stock, 12/31/02
The following information was taken from the financial statements of the Eric Corporation. All dollar amounts are in billions.
Assets, 12/31/02 $700
Common Stock, 12/31/02 $110
Dividends, 1/1/02-12/31/02 $15
Expenses, 1/1/02-12/31/02 $180
Liabilities, 12/31/02 $400
Retained Earnings, 12/31/02 $190
Revenues 1/1/02-12/31/02 $220
Determine the net dollar amount by which the Corporation's resources changed through management operations in 2002.
a. $190
b. $40
c. $25
d. $220
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