Two of the following statements are true regarding owners of preferred stock. Which statement is NOT true regarding owners of preferred stock? .:: $ O They are first in line for dividends before owners of common stock; they have "preference" for dividends They are guaranteed an annual dividend on their preferred stock O They have the right to sell their stock on the open market Question 8 [Prior learning and course orientation material] Retained earnings is one of the major components of shareholders equity. As first discussed in Chapter 3, we compute ending retained earnings as follows: 4 F4 Search % F5 5 110 F6 `b A ASUS VivoBook F7 & 7 F8 Ca 8 F9 A F10 1 pts 9 ) F11 W O