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Author Question: Below is the common equity section (in millions) of Teenie Technologys last two year-end balance ... (Read 5 times)

C0DxHalo

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on: Aug 7, 2023
Below is the common equity section (in millions) of Teenie Technology’s last two year-end balance sheets:
    
 

2020

 

2019

Common shares

$2,000

 

$1,000

Retained earnings

2,000

 

2,340

Total common equity

$4,000

 

$3,340

Teenie has never paid a dividend to its common shareholders. Which of the following statements is correct?


◦

The company’s net income in 2019 waslower than in 2020.


◦

The market price of Teenie’s stock doubled in 2020.


◦

Teenie issued some common shares in 2020.


◦

The company had positive net income in both years, but the net income in 2020 was lower than that in 2019.

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Marked as best answer by C0DxHalo on Aug 7, 2023

heathercab

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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C0DxHalo

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Reply 2 on: Aug 7, 2023
Excellent

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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