Question: 1. Paying dividends to stockholders: Multiple Choice A. represents an investing activity. B. does not impact the period cash flows. C. represents an operating activity.

1. Paying dividends to stockholders:

Multiple Choice

A. represents an investing activity.

B. does not impact the period cash flows.

C. represents an operating activity.

D. represents a financing activity.

2. Probable future economic benefits obtained or controlled by an entity as a result of past transactions or events defines:

Multiple Choice

A. assets.

B. liabilities.

C. equity.

D. retained earnings.

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