Question 10 1 pts Which statement is correct regarding U.S. companies? Firms tend to quickly adjust their dividends to changes in the firm's P/E ratio. The personal taxes of investors is the key factor managers consider when establishing a dividend policy. Firms tend to react quickly to lower dividends any time the economy begins to slow. Firms tend to increase their regular dividend as soon as they expect increased earnings in the future. Procter & Gamble is one example of a firm with a long history of increasing dividends. Question 11 1 pts Which one of the following reduces the number of shares outstanding but does not decrease the value of owners' equity? O Liquidating dividend O Cash distribution Stock repurchase Reverse stock split O Stock split Question 16 1 pts Plyler Cabinets declared a dividend of $1.32 per share on May 30 to holders of record on Monday, June 12. The dividend is payable on June 16. Sara purchased 300 shares of this stock on Thursday, June 8. How much dividend income will she receive on June 12 from these shares? $198 O $132 $167 $0 O $396