Use the Following Information for Questions

question 103

Multiple Choice

Use the following information for questions.
The balance in retained earnings at December 31, 2010 was $720,000 and at December 31, 2011 was $582,000.Net income for 2011 was $500,000.A share dividend was declared and distributed which increased sharecapital $200,000 and share premium $110,000.A cash dividend was declared and paid.
-The share dividend should be reported on the statement of cash flows (indirect method) as

• A)an outflow from financing activities of $200,000.
• B)an outflow from financing activities of $310,000.
• C)an outflow from investing activities of $310,000.
• D)Share dividends are not shown on a statement of cash flows.

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Definitions:

Neurological Weaknesses

Deficits or impairments in the nervous system's functioning, which can affect areas such as muscle strength, coordination, and cognitive abilities.

Middle Childhood

A developmental stage that typically covers the period from 6 to 12 years of age, characterized by growth in logical thinking and independence.

Adolescence

The transitional stage of physical and psychological development that occurs between childhood and adulthood, starting from puberty to legal adulthood.

Adulthood

The period in human life after adolescence, characterized by mature age, typically involving greater responsibility and independence.