Attempts: Keep the Highest: 12 5. Stockholders' equity The right side of the balance sheet shows the firm's abilities and stockholders' equity. Which of the following best describes shareholders' equity? Equity is the initial daim on value of the assets before the firm pays off its liabilities Equity is the difference between the company's assets and 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 annual report this year, NOW Inc. reported a net income of $156 million. Last year, the company reported a retained earnings balance of 5527 milion whereas this year it increased to $620 million. How much was paid out in dividends this year? $249 million $63 million S4 million $320 million Grad Now Save & Continue Continue without saving TERM