FIN3300F24 had net income of $20 million in 2023. The firm paid no dividends for the year. If there were no further changes to the stockholders’ equity accounts, then ________ by $20 million. FIN3300F24 had net income of $20 million in 2023. The firm paid no dividends for the year. If there were no further changes to the stockholders’ equity accounts, then ________ by $20 million. the market value of the firm’s stock must have decreased total shareholders’ equity must have decreased retained earnings must have increased common stock at par must have increased
FIN3300F24 had net income of $20 million in 2023. The firm paid no dividends for the year. If there were no further changes to the stockholders’ equity accounts, then ________ by $20 million. FIN3300F24 had net income of $20 million in 2023. The firm paid no dividends for the year. If there were no further changes to the stockholders’ equity accounts, then ________ by $20 million. the market value of the firm’s stock must have decreased total shareholders’ equity must have decreased retained earnings must have increased common stock at par must have increased
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
FIN3300F24 had net income of $20 million in 2023. The firm paid no dividends for the year. If there were no further changes to the stockholders’ equity accounts, then ________ by $20 million.
FIN3300F24 had net income of $20 million in 2023. The firm paid no dividends for the year. If there were no further changes to the stockholders’ equity accounts, then ________ by $20 million.
the market value of the firm’s stock must have decreased
total shareholders’ equity must have decreased
retained earnings must have increased
common stock at par must have increased
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