Please check A,B,C,D. .......................................

The declaration and issuance ofa stock dividend: A) Does not change total assets, liabilities, or total stockholders' equity. B) Decreases assets and decreases total stockholders' equity. C) Does not change retained earnings or paid-in capital. D) Decreases total stockholders' equity and increases common stock. 54) ABC paid S2,000 interest on short-term notes payable, S I (),0()0 interest on long-tern bonds, and S6.000 in dividends on its common stock. ABC would report cash outflows from activities, as fol ws: erating, S 12,000; Financing $6,000. C) Operating, Sl 8,000; Financing SO. 1 55) It is possible to calculate shrinkage B) Operating, SO; Financing $18,000. D) Operating, $2,000; Financing s 16,000. A) in Perpetual Inventory Accounting but not in Periodic Inventory Accounting B) in neither Periodic Inventory Accounting nor Perpetual Inventory Accounting C) in Periodic Inventory Accounting but not in Perpetual Inventory Accounting D) in both Periodic Inventory Accounting and in Perpetual Inventory Accounting 156) A company provides services on account. Indicate how this transaction would affect ( I ) assets, (2) stockholders' equity, and (3) revenues. A) (l ) Increase, (2) Increase (3) Increase C) ( I ) No effect, (2) No effect (3) No efTect B) (I) (ncrease, (2) No effect (3) Increase D) (l) No effect, (2) Increase (3) Increase 157) The balance sheet of ABC reports total assets of S I ,500,000 and S 1,700,000 at the beginning and end of the year, respectively. Net income and sales for the year are S240,OO() and $2,000,000, respectively. What is ABC's asset turnover? A) 8.33 times. B) I .33 times. C) 0.80 times. 158) How many of the following transactions are operating activities? Borrowed $50,000 from the bank Purchased S 12,000 in supplies Provide services to customers for $27,000 Paid the utility bill of $750 Purchased a delivery truck for S 12,000 Received from issuing common stock A) Three. B) Four. D) I .25 times. D) One. C) Two. 159) A machine has a cost of S 15,000, an estimated residual value of $3,000. and an estimated usetill lite of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? D) $7,500. C) $9,000. A) S6,ooo. B) $3,000. 24