The formula for calculating earnings per share is : Select one: O a. Net income divided by number of shares outstanding O b. Par value of shares divided by additional paid in capital O c. Number of shares outstanding divided by net income O d. Preferred shares outstanding divided by common shares outstanding Money due to company by customers is called receivables. Select one: O True O False The shares of common and preferred stock that have been issued and outstanding are reported in which section of balance sheet? Select one: O a. Current assets O b. Liabilities section c. Fixed assets section O d. Stockholders equity section To end the partnership, selling enough assets to pay the liabilities and distributing any remaining assets among the partners is called Select one: O a. Admission of partnership b. Retirement of partner c. Withdrawal of partnership O d. Liquidation of partnership Cash discount is the deduction in price given by the wholesaler to the retailer at the list price or catalogue price. Select one: True O False Cash dividends reduce assets and stockholders equity Select one: O True False