1 When a company reports net income and then pays a portion of that net income among its shareholders, what do we call this situation? O A. Retained earnings OB. Dividend OC. Capital OD. Preferred stocks QUESTION 2 If a company reports a net income of $18 million and pays a dividend of $3.6 million, then it's pay-out ratio is which of the following? OA. $14.4 million OB. 20% OC. 1/2 times OD.5 times QUESTION 3 What is the fiscal year of the Commonwealth of Massachusetts? OA. July 1st to June 30th of the following year OB. October 1st through September 30th of the following year. O C. Calendar year (January 1st, through December 31st) OD.September 1st to August 30th of the following year