please only do number 24 and explain reasoning/Logic behind it. thank you in advance!

23. Which of the following statements does not correctly describe preferred stock? A) Preferred shareholders have a preference with respect to dividend payments. B) Preferred shareholders have a preference with respect to assets in the event of dissolution V Preferred shareholders have voting rights on a per share basis. D) Preferred stock typically has a fixed dividend rate. 24. Atkins Company had 20,000 shares of $5 par value common stock outstanding prior to declaring a 10% common stock dividend. The market value of the common stock on the declaration date was $11. Which of the following statements correctly describes the effect of the common stock dividend? A) Retained earnings decreased $22,000. B) Retained earnings decreased $10,000. C) Total stockholders' equity decreased $22,000. D) Total stockholders' equity decreased $10,000. LOLOL OM 25. Which of the following transactions would not create a cash flow from operating activities? nch for a utility bill