23.) Basic earnings per share is computed by dividing Weighted Average Common Shares Outstanding into: O A. Net income plus preferred dividends O B. Net income minus preferred dividends O C. Net income before income tax expense OD. Net income minus common dividends 24.) The intra-period tax allocation associated with a loss from discontinued operations will result in an decrease to tax expense which increases net income. True False 25.) Users of financial statements rely on the income statement to assess the assets (resources) and liabilities (claims to resources) at the balance sheet date. O True False