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If Book Equity Increases by $2,000,the Firm Does Not Issue

Question 31

Multiple Choice

If book equity increases by $2,000,the firm does not issue new equity,and its net income is $2,500,then:

A) the firm paid a dividend of $500.
B) the firm plowed $500 back into the company.
C) $500 went into retained earnings.
D) debt increased by $2,000.

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