210. Which is true about the Cash Flow Statement?
     1. It shows all significant changes to the company, including noncash items
     2. It only shows items that are cash flows to the firm.

211. In an installment loan
     1. later payments pay the same principal as earlier payments
     2. later payments pay less principal than earlier payments
     3. later payments pay more principal than earlier payments
     4. it depends on the interest rate

212. ABC issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2017. All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $18,000 in 2018. Assuming the preferred stock is cumulative, how much of the

$18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018?

1. $6,000 to preferred stockholders and $12,000 to common stockholders.
2. $9,000 to preferred stockholders and $9,000 to common stockholders.
3. $12,000 to preferred stockholders and $6,000 to common stockholders.
4. $18,000 to preferred stockholders and $0 to common stockholders.

213. Both cash dividends and stock dividends:
     1. Reduce total liabilities. B) Reduce retained earnings.

C) Reduce total stockholders' equity. D) Reduce total assets.

Beginning inventory	$150,000
Ending inventory	100,000
Purchases	310,000

215) What is the average days in inventory for the year?

A) 111.7 days. B) 101.4 days. C) 126.7 days. D) 152.0 days.