Answer:
c. $71 million
Explanation:
The net income and dividends are the factors responsible for increase an decrease in retained earnings. Net income is added to the retained earnings balance while dividend is deducted from it.
Given the following information about NOW Inc,
net income = $152 million
Opening retained earnings balance = $459 million
Closing retained earnings balance = $540 million
$459 million + $152 million - Dividends = $540 million
Dividends = $459 million + $152 million - $540 million
Dividends = $71 million
Option c. $71 million
Answer: c) a swap
Explanation:
A Swap is a type of Derivative that involves two parties exchanging the cash-flows or even liabilities that they are getting from their different instruments.
Traditionally, Swaps are usually for cash-flows based on debt instruments like bonds, but as a derivative, the underlying instrument can be anything in the financial market.
Company X and Y exchanging cash-flows is a Swap.
the correct answer would be d. the stamp collection, the bank account, and the skateboard.
Retail Banks. The majority of people are the most familiar with retail banks, as they are aimed primarily at consumers. ...
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Central Banks. ...
Cooperative or Mutual Banks. ...
Investment Banks. ...
Private Banks. ...
Online Banks. ...
Credit Unions.
