On its 123114 balance sheet Barnes Inc showed 510 million of retained earnings

On its 123114 balance sheet barnes inc showed 510

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6. On its 12/31/14 balance sheet, Barnes Inc showed $510 million of retained earnings,and exactly that same amount was shown the following year. Assuming that no earnings restatements were issued, which of the following statements is CORRECT? a. If the company lost money in 2014, it must have paid dividends.b. The company must have had zero net income in 2014.c. The company must have paid out half of its 2014 earnings as dividends.d. The company must have paid no dividends in 2014.e. Dividends could have been paid in 2014, but they would have had to equal the earnings for the year. 7. Below is the common equity section (in millions) of Timeless Technology's last two year-end balance sheets:20142013Common stock$2,000$1,000Retained earnings2,0002,340Total common equity$4,000$3,340The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT? 8. Which of the following statements is CORRECT?
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9. Which of the following statements is CORRECT?
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  • Spring '14
  • MarianneM.Rexer

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