Multiple Choice
Bio-Tech Company has had a very successful year and earnings are $21million. The company has 12 million shares outstanding and will pay a dividend of $1.00/share. The old value of retained earnings account is 125 million. What is the retained earnings for the year and the new value of retained earnings account?
A) $21 million & $146 million
B) $9 million & $134 million
C) $12 million & $137 million
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q9: The equity accounts of Bio-Tech Company is
Q10: If you own 1,000 shares of stock
Q11: The following are the main characteristics of
Q12: The rare event where a firm's existing
Q13: The following are characteristics of preferred stock
Q15: Preference in position among creditors when it
Q16: Financial intermediaries provide the following important functions
Q17: A firm has $100 million in current
Q18: Briefly explain different types of voting used
Q45: Which type of voting allows minority shareholders