4. Stockholders' equity The statement of retained earnings or the statement of stockholders' equity reconcles the net income, dividends paid, and the change in retained earnings during a particular year. Which of the following best describes shareholders' equity? Equity is the difference between the company's assets and liabilities. O Equity is the initial daim on value of the assets before the firm pays off its liabilities, NOW Inc. released its annual results and financial statements. Grace is reading the summary in the business pages of today's paper in its report this year, NOW Inc reported a net income of $156 million. Last year, the company reported a retained earnings balance of 5527 whereas this year it increased to $620 million. How much was paid out in dividends this year $249 million $63 million 4 million $520 million Continue