Suppose a bank has an initial balance in its capital account of $26 million, receives net income
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Question:
Suppose a bank has an initial balance in its capital account of $26 million, receives net income during the year of $3 million, pays out stockholder dividends of $2 million, and issues $1 million in new stock during the year. What balance remained in the bank's capital account at the end of the year?
The balance in the bank's capital account at year end will be:
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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