Multiple Choice
Intel reports retained earnings at the end of fiscal 2016 of $40,747 million and retained earnings at the end of fiscal 2015 of $37,614 million. The company reported dividends of $4,925 million and other transactions with shareholders that reduced retained earnings during the year by $2,258 million.
How much net income did the firm report in fiscal 2016?
A) $ 3,133 million net income
B) $ 3,133 million net loss
C) $10,316 million net income
D) $10,316 million net loss
E) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
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