Question 16 (1 point) Which if the following is NOT a right or preference associated with preferred stock? first claim to dividends O to receive dividends in arrears. O preference to corporate assets in the case of liquidation the right to vote Question 17 (1 point) The statement of cash flows O must be prepared on a daily basis. O summarizes the operating, financing, and investing activities of a business. O is a section of the income statement O is another name for the income statement Question 20 (1 point) West, Inc. has a net income of $600,000 and 200,000 weighted average shares of common stock outstanding and 100,000 shares of preferred stock outstanding. Dividends declared and paid during the year were $180,000 on common stock and $120,000 on the preferred stock. Earnings per share would be: $2.40. $.90 $3.00 $4.80