The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes shareholders' equity? O Equity is the sum of what the initial stockholders paid when they bought company shares and the earnings that the company has over the years. O Equity is the difference between the paid-in capital and retained earnings. NOW Inc. released its annual results and financial statements. Grace is reading the summary in the business pages of today's paper. In its report this year, NOW Inc. reported a net income of $132 million. Last year, the company reported a retained earnings balance of $561 mill whereas this year it increased to $660 million. How much was paid out in dividends this year? O $170 million 231 million
The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes shareholders' equity? O Equity is the sum of what the initial stockholders paid when they bought company shares and the earnings that the company has over the years. O Equity is the difference between the paid-in capital and retained earnings. NOW Inc. released its annual results and financial statements. Grace is reading the summary in the business pages of today's paper. In its report this year, NOW Inc. reported a net income of $132 million. Last year, the company reported a retained earnings balance of $561 mill whereas this year it increased to $660 million. How much was paid out in dividends this year? O $170 million 231 million
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.3E
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