1. Stock dividends declared and distributed would appear in which section on the statement of cash flows?

a) Noncash investing & financing

b) Operating

c) Financing

d) investing

2. The receipt of dividends would appear in which section on the statement of cash flows?

a) Operating

b) Financing

c) Noncash investing & financing

d) Investing

3. Use the indirect method to determine Anka Companys net cash provided or used for operating activities using the below information:

Net income	$15,200
Depreciation expense	10,000
Cash payment on long-term note payable	8,000
Gain on sale of equipment	3,000
Increase in inventory	1,500
Increase in accounts payable	2,850

a) $23,550

b) $42,400

c) ($4,450)

d) $15,550