Can someone please help me TRUE/FALSE.

____ 17. Issuing bonds to finance a company's operations (rather than issuing common stock), generally has an increasing/positive impact on earnings per share than issuing common stock.

____ 18. The statement of cash flows is an optional and not a required financial statement to be included in a corporations annual report.

____ 19. An equal stream of periodic payments is called an annuity.

____ 20. Like many taxes deducted from employee earnings, federal income taxes are subject to a maximum amount per employee per year.

____ 21. Residual value is not relevant when calculating the annual depreciation expense using the double declining-balance method (do not consider the calculation for the final year).

____ 22. Cash flows from financing activities, as part of the statement of cash flows, include payments for dividends.

____ 23. In computing the ratio of return on total assets, interest expense is to be added to net income in determining the numerator for this calculation.

____ 24. A 15% change in sales will result in a 15% change in net income.

____ 25. On a common-size income statement, all items are stated as a percent of total assets or equities at year-end.

____ 26. The declaration and issuance of a stock dividend would be reported on the statement of cash flows.

____ 27. If nothing is stated, partnership income is to be divided in proportion to the individual partner's capital balance.

____ 28. The two main sources of stockholders' equity are investments contributed by stockholders and net income retained in the business.

____ 29. Inventory turnover shows how many times the average inventory was sold during the year.

____ 30. There is a loss on redemption of bonds when bonds are redeemed above their carrying value.

____ 31. A large retained earnings account means that there is cash available to pay dividends.

____ 32. For proper matching of revenues and expenses, the estimated cost of fringe benefits must be recognized as an expense of the period during which the employee earns the benefits.

____ 33. A defined contribution plan promises employees a fixed annual pension benefit.

____ 34. The amount of annual interest expense reported on the income statement will be more than the interest paid to bondholders if the bonds were originally sold at a discount.

____ 35. The amount of the depreciation expense for the second full year of use of a fixed asset costing $100,000, with an estimated residual value of $5,000 and a useful life of 4 years, is $25,000 by the declining-balance method at twice the straight-line rate.