11. A corporation purchases 10,000 shares of its own $10 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity? a. increase by $100,000 b. increase by $350,000 c. decrease by $100,000 d. decrease by $350,000 12. The statement of cash flows is not useful for a. planning future investing and financing activities b. determining a company's ability to meet financial obligations c. determining a company's ability to pay dividends d. calculating the net worth of a company 13. The order of presentation of activities on the statement of cash flows is a. operating, investing, and financing b. operating, financing, and investing c. fi nancing. operating, and investing d. financing, investing, and operating 14 Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $15,000 at the end of the year. The amount of cash for the payment of dividends during the year is a. $5o.oo0 . $40.000 . $45.000 d $35.000