(Solution) - Startech Limited reported the following shareholders equity data all dollars -(2025 Original AI-Free Solution)

Paper Details

Startech Limited reported the following shareholders' equity data (all dollars in millions):

Startech earned net income of $2,960 during 2014. Common shares were issued for $20.00 each. For each account except Retained Earnings, one transaction explains the change from the December 31, 2013, balance to the December 31, 2014, balance. Two transactions affected Retained Earnings. Give a full explanation, including the dollar amount, for the change in each account.