Question 28 11 point) The dollar amount of a company's net income for each common share outstanding is referred to as: Al cumulative retained earnings ratio OB) the price-to-earnings ratio OC) income as a percentage of equity D) earnings per share Question 29 11 point) One unique advantage given to preferred shareholders over common shareholders is the right to vote. + True False Question 30 (1 point) The declaration of a cash dividend: A) reduces assets and increases liabilities B) Increases liabilities and decreases shareholders' equity Cincreases liabilities and increases shareholders equity D) increases shareholders' equity and reduces lisbilities Question 31 (1 point) The issuance of common shares for cash would be reported on a statement of cash flows under: A) the financing activities ) the operating activities C) the investing activities Dl either investing activities or operating activities Question 32 (1 point Which of the following is not an example of an operating activity Question 32 (1 point) Which of the following is not an example of an operating activity? A) interest expense B) dividends declared C) interest income D) dividend Income Question 33 (1 point) The main source of cash for a business must come from operating activities if it is to prosper in the future. True False Question 34 (1 point When preparing a common-size income statement, which of the following is usually used as the base? A) net income B) gross margin C) net sales D) gross sales Question 35 (1 point) If net sales at Kelly's Bakery increased from $40,000 to $60,000 and its cost of goods sold increased from $20.000 to $40,000, then common-size income statements would show the following percentages for each year for cast of goods sold (rounded to the nearest percenti: A) 50% and 67% B) 40% and 20% C) 67% and 40 DJ 10 and 30% E 33% and 50%