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.11 Sprint 4:57 PM 99% mail-attachment.googleuser C 21. The following information pertains to Alpha Computing at the end of 2017: Alpha Computing's Retained Earnings account

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.11 Sprint 4:57 PM 99% mail-attachment.googleuser C 21. The following information pertains to Alpha Computing at the end of 2017: Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2017 What amount of dividends did the company pay in 2017? A. $280,000 B. S150,000 C. S30,000. D. $80,000 22. In the operating activities section of the statement of cash flows, we start with net income when using: A. the direct method. B. the indirect method. C. both the direct and the indirect method. D. neither the direct nor the indirect method. 23. Which of the following would be classified as an operating activity on the statement of cash flows using the direct method? A. Cash dividends paid B. Cash received from selling equipment C. Cash paid to retire bonds payable at maturity D. Cash received from accounts receivable collections 24The account entitled Premium on Bonds Payable: A. increases when amortization entries are made. B. appears on the balance sheet of the issuer as a deduction from bonds payable. C. decreases when amortization entries are made and its balance is equal to zero at the maturity date of the bond D. is a contra account with a normal debit balance

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