Below Is the Common Equity Section (In Millions) of Teweles

question 47

Multiple Choice

Below is the common equity section (in millions) of Teweles Technology's last two year-end balance sheets: Teweles has never paid a dividend to its common shareholders. Which of the following statements is correct?

• A) The company's net income in 2009 was higher than in 2008.
• B) Teweles issued common stock in 2006.
• C) The market price of Teweles's stock doubled in 2009.
• D) The company has more equity than debt on its balance sheet.

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Definitions:

External Oblique

A muscle in the abdomen that forms part of the abdominal wall, helping in the rotation and lateral flexion of the trunk.

Sternomastoid

Also known as the sternocleidomastoid muscle, it is a prominent muscle in the neck that plays a key role in rotating and flexing the head.

External Oblique

A muscle located on the side and front of the abdomen, involved in rotating and laterally flexing the spine.