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

question 124

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 2019 was higher than in 2018.
• B) The firm issued common stock in 2019.
• C) The market price of the firm's stock doubled in 2019.
• D) The firm had positive net income in both 2018 and 2019,but its net income in 2019 was lower than it was in 2018.
• E) The company has more equity than debt on its balance sheet.

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Food Expenditures

The amount of money spent on food by individuals, households, or countries.

Nation

A large group of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Total Employment

The total number of people employed in an economy at a given time, including both full-time and part-time workers.

Absolute Number

A value expressed without comparisons, adjustments, or relations, representing a distinct, precise figure.