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Below is the common equity section (in millions) of Timeless Technologys last two year-end balance sheets: 2015 2014 Common stock 2,000 1,000 Retained earnings 2,000
Below is the common equity section (in millions) of Timeless Technologys last two year-end balance sheets:
2015 | 2014 | |
Common stock | 2,000 | 1,000 |
Retained earnings | 2,000 | 2,340 |
Total common equity | $4,000 | $3,340 |
The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT?
Group of answer choices
The market price of the firm's stock doubled in 2015
The company has more equity than debt on its balance sheet
The companys net income in 2015 was negative
The firm had positive net income in both 2014 and 2015, but its net income in 2015 was lower than it was in 2014
The firm didnt issue new common stock in 2015
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