a company's accounting earnings. 

a company's cash flow. 

none of the above.

a project's cash flow. 

both A and C

the projects perform the same function

their cash flows are unrelated

selecting one would automatically eliminate accepting the other

the cash flow pattern is unconventional.

the projects are mutually exclusive. 

all of the above.

the projects are independent. 

the search for the next best alternative projects

all of the above

the search for the best capital projects

the search for projects with the least costs

Have preference over common shares with respect to income and assets.

Provide the owner with a claim to a fixed amount of equity.

Dividends must be paid in entirety before the common shareholders can receive any payments.

Always have voting rights.

None of the above. 

Their cash flows are unrelated. 

Selecting one would automatically eliminate accepting the other. 

Their cash flows are related.