Below Is the Common Equity Section (In Millions)of Timeless Technology's

question 127

Multiple Choice

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

• A)The company's net income in 2014 was higher than in 2013.
• B)The firm issued common stock in 2014.
• C)The market price of the firm's stock doubled in 2014.
• D)The firm had positive net income in both 2013 and 2014, but its net income in 2014 was lower than it was in 2013.
• E)The company has more equity than debt on its balance sheet.

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Definitions:

Entrepreneurial Activity

The actions related to starting and managing new ventures, including innovation, risk-taking, and resource management.

Innovation

The act of introducing something new, such as an idea, method, or device, which is aimed to improve processes, products, or services.

Corporate Venturing

The practice of a large company funding new, innovative projects or startups to explore new markets or technologies.

Venture Creation

The process of conceiving, developing, and bringing a new business or enterprise into existence.