A firms Income Statement shows Depreciation = $2 million, Net operating income (NOI) = $12 million, Ordinary

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A firm’s Income Statement shows Depreciation = $2 million, Net operating income (NOI) = $12 million, Ordinary dividends = $3 million.

The Addition to Retained earnings in the Balance Sheet should be

a. $7.0 million

b. $9.0 million

c. $15.0 million

d. $17.0 million

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Stock Markets And Corporate Finance A Primer

ISBN: 9781800611474,9781800611498

1st Edition

Authors: Michael Dempsey

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Question Posted: Jul 23, 2024 07:01 AM

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A firms Income Statement shows Depreciation = $2 million, Net operating income (NOI) = $12 million, Ordinary

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Stock Markets And Corporate Finance A Primer

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