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What is true about net income? It belongs to shareholders; it IS cash; it can be used to pay dividends or kept as retained earnings

What is true about net income?
It belongs to shareholders; it IS cash; it can be used to pay dividends or kept as retained earnings
It belongs to shareholders; it IS NOT cash; it can be used to pay dividends or kept as retained earnings
It belongs to shareholders; it IS cash; it can be used to buy bonds or buy stocks
It belongs to shareholders; it IS NOT cash; it can be used to buy bonds or buy stocks
It belongs to the firm; it IS cash; it can be used to pay dividends or kept as retained earnings
It belongs to the firm; it iS cash; it can be used to buy bonds or buy stocks
It belongs to the firm; it IS NOT cash; it can be used to buy bonds or buy stocks
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