NAIMMCQ Economics BJM Co, Inc shows $700 million in Shareholders Equity as of the beginning of 2012. During the course of 2012, BJM earns $80 million in net income and declares $5 million in dividends. Assuming no additional financing activities during 2012, what is BJM's shareholders equity as of the end of 2012?

BJM Co, Inc shows $700 million in Shareholders Equity as of the beginning of 2012. During the course of 2012, BJM earns $80 million in net income and declares $5 million in dividends. Assuming no additional financing activities during 2012, what is BJM's shareholders equity as of the end of 2012?

Economics

BJM Co, Inc shows $700 million in Shareholders Equity as of the beginning of 2012. During the course of 2012, BJM earns $80 million in net income and declares $5 million in dividends. Assuming no additional financing activities during 2012, what is BJM's shareholders equity as of the end of 2012?

A) $620MM
B) $695MM
C) $775MM
D) $780MM

Answer: C

NAIMMCQ

BJM Co, Inc shows $700 million in Shareholders Equity as of the beginning of 2012. During the course of 2012, BJM earns $80 million in net income and declares $5 million in dividends. Assuming no additional financing activities during 2012, what is BJM's shareholders equity as of the end of 2012?

BJM Co, Inc shows $700 million in Shareholders Equity as of the beginning of 2012. During the course of 2012, BJM earns $80 million in net income and declares $5 million in dividends. Assuming no additional financing activities during 2012, what is BJM's shareholders equity as of the end of 2012?

Share this