Multiple Choice
The Acme Stereo Company had a capital stock of $24 million at the beginning of the year. At the end of the year, the firm had a capital stock of $20 million. Thus its
A) net investment was -$4 million for the year.
B) gross investment was zero.
C) net investment was $4 million for the year.
D) net investment was some amount but we need more information to determine the amount.
Correct Answer:
Verified
Correct Answer:
Verified
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