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Below is the equity portion (in million) of the year-end balance sheet that Glenn Technology has reported for the last two years: 2002 Preferred stock

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Below is the equity portion (in million) of the year-end balance sheet that Glenn Technology has reported for the last two years: 2002 Preferred stock $ 80 Common stock 2,000 Retained earnings 2,000 Total equity $4, 080 2001 Preferred stock $ 80 Common stock 1,000 Retained earnings 2, 340 Total equity $3, 420 Given does not pay a dividend to its common stockholders. Which of the following statements is most correct? a. Glenn had positive net income in both 2001 and 2002, but the company's net income in 2002 was b. None of the statements c. Glenn issued common d. Glenn issued preferred e. Glenn started applying Below is the equity portion (in million) of the year-end balance sheet that Glenn Technology has reported for the last two years: 2002 Preferred stock $ 80 Common stock 2,000 Retained earnings 2,000 Total equity $4, 080 2001 Preferred stock $ 80 Common stock 1,000 Retained earnings 2, 340 Total equity $3, 420 Given does not pay a dividend to its common stockholders. Which of the following statements is most correct? a. Glenn had positive net income in both 2001 and 2002, but the company's net income in 2002 was b. None of the statements c. Glenn issued common d. Glenn issued preferred e. Glenn started applying

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