Question: Answer the questions: True or False PLEASE HELP ASAP 4. Dividends declared on preferred stock are deducted from net income in the determination of earnings

Answer the questions: True or False

PLEASE HELP ASAP

4. Dividends declared on preferred stock are deducted from net income in the determination of earnings per share.

True or False

16. Discontinued operations appear on the income statement but not on the statement of retained earnings.

True or False

20. The impact of income taxes on discontinued operations is to reduce gains associated with the discontinuance, but increase the amount of losses.

True or False

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