Question 21 2 pts If a business is using GAAP to report its income, its net income as reported on the Income Statement should be equal to free cash flow, all other things held constant. True False Question 22 3 pts On the Raymond Enterprises Balance Sheet dated 12/31/2018, there was $880 million of retained earnings. The exact same amount ($880 million) was reported for retained earnings on Raymond's Balance Sheet for the period ended 12/31/2017. Assuming no earnings restatements were issued. which of the following is CORRECT? If the company lost money in 2018, it must have paid dividends. The company must have paid no dividends in 2018. The company must have had zero net income in 2018. The company must have paid out half of its 2018 earnings as dividends. Dividends could have been paid in 2018, but they would have had to equal the earnings for the year