Business, 06.06.2020 22:03 vickyarroyo8888

Below is the common equity section (in millions) of Timeless Technology's last two year-end balance sheets: 2013 2012Common stock $2,000 $1,000Retained earnings 2,000 2,340Total common equity $4,000 $3,340The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT?a. The company's net income in 2013 was higher than in 2012.b. The market price of the firm's stock doubled in 2013.c. The firm issued common stock in 2013.d. The firm had positive net income in both 2012 and 2013, but its net income in 2013 was lower than it was in 2012.e. The company has more equity than debt on its balance sheet.

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Below is the common equity section (in millions) of Timeless Technology's last two year-end balance...

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