1.) Interest expense is classified as:

A. Operating or financing

B. Financing

C. Investing

D. Operating

2.) Dividends paid to shareholders are classified as:

A. Operating

B. Financing

C. Investing

D. Operating or financing.

3.) A valuation method typically used to value capital assets is:

A. Historical cost.

B. Replacement cost.

C. Net realizable value.

D. Present value.