Below is the common equity section (in millions) of fethe industries' last two year-end balance sheets: 2012 2011 common stock $2,000 $1,000 retained earnings 2,000 2,340 total common equity $4,000 $3,340the company has never paid a dividend to its common stockholders. which of the following statements is correct? a. the company's net income in 2011 was higher than in 2012.b. the company issued common stock in 2012.c. the market price of the company's stock doubled in 2012.d. the company had positive net income in both 2011 and 2012, but the company's net income in 2009 was lower than it was in 2011.e, the company has more equity than debt on its balance sheet

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.