Hello! I have an examination coming up soon These practic

e questions have me confused. Please help! I may know why but need clarification. Sooner the better! thanks in advance.

I know these are simple. Any help would be appreciated

Which of the following items affecting retained earnings during a period could be reported in the financing activities section of the statement of cash flows? C Cash dividends paid only. Net Income for the period only. Both cash dividends paid and net income for the period. Neither cash dividends paid nor net income for the period. If a loss of $20,000 is incurred in selling (for cash) office equipment that cost $90,000 and had accumulated depreciation of $22,500, then the actual cash proceeds must have been C $47,500 $87,500 $67,500 $70,000. (Ctrl)