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In August 2004, Google first sold its common stock to the public at $85 per...

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In August 2004, Google first sold its common stock to the public at $85 per share and raised $1.76 billion. This is an example of a primary market transaction. a secondary market transaction O a venture capital firm transaction. a money-market transaction. QUESTIONS The basic format of an income statement is Sales - Expenses Profits. Income - Expenses EBIT Sales - Liabilities - Profits. Assets - Liabilities - Profits. QUESTION 9 Earnings available to common shareholders represents income that may be reinvested in the firm or distributed to its owners. True False

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