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

question 77

Multiple Choice

Below is the common equity section (in millions) of Timeless Technology's last two year-end balance sheets: ​ 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 2015 was higher than in 2014.
• B) The firm issued common stock in 2015.
• C) The market price of the firm's stock doubled in 2015.
• D) The firm had positive net income in both 2014 and 2015,but its net income in 2015 was lower than it was in 2014.
• E) The company has more equity than debt on its balance sheet.

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Definitions:

Deinstitutionalization

The process of releasing individuals from institutional care (such as psychiatric hospitals) to community-based treatments.

Mental Hospitals

Facilities specialized in the treatment and care of individuals with mental health disorders.

Policy

A deliberate system of principles to guide decisions and achieve rational outcomes.

Psychiatric Patients

Individuals receiving treatment for mental health disorders, ranging from mood disorders to more complex psychiatric conditions.