Answer to Question #38352 in Other Management for moha

Question #38352
Below is the common equity section (in millions) of Fethe Industries' last two year-end balance sheets: 2012 2011 Common stock $2,000 $1,000 Retained earnings 2,000 2,340 Total common equity $4,000 $3,340 The company has never paid a dividend to its common stockholders. Which of the following statements is CORRECT? a. The company's net income in 2011 was higher than in 2012. b. The company issued common stock in 2012. c. The market price of the company's stock doubled in 2012. d. The company had positive net income in both 2011 and 2012, but the company's net income in 2009 was lower than it was in 2011. e. The company has more equity than debt on its balance sheet.
1
Expert's answer
2014-01-23T11:16:52-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/management-answer-38352.pdf

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS