Below is the common equity section (in millions) of Teweles Technology's last two year-end balance sheets:Teweles has never paid a dividend to its common shareholders.Which of the following statements is correct? $\begin{array}{|l|r|r|}
\hline&2012&2011\
\hline \text { Common share } & \$ 2,000 & \$ 1,000 \
\hline \text { Retained earnings } & 2,000 & 2,340 \
\hline \text { Total common equity } & \$ 4,000 & \$ 3,340 \
\hline
\end{array}$

Question

Quizplus · Accepted Answer

The increase in common share capital from $1,000 million in 2011 to $2,000 million in 2012, without paying dividends, indicates that Teweles issued common stock in 2012.

Below Is the Common Equity Section (In Millions) of Teweles