13. The following items relate to the preparation of a statement of cash flows:

	2009	2008		2009
Cash	$150,000	$100,000	Net sales	$3,200,000
Dividends payable	35,000	0	CGS	(2,500,000)
Common stock	600,000	450,000	Expenses	(500,000)
Retained earnings	280,000	165,000	Net income	$ 200,000

Capital stock was sold to provide additional working capital. Under financing activities, cash dividend payments during 2009 amounted to

A: $115,000 B: $ 85,000 C: $ 50,000 D: $ 35,000

14. Which of the following cash flows per share should be reported in a statement of cash flows?

A: Basic cash flows per share only. B: Diluted cash flows per share only. C: Both basic and diluted cash flows per share. D: Cash flows per share should not be reported.

15. On February 1, 2010, Kew Corp., a newly formed company, had the following stock issued and outstanding:

Common stock, no par, $1 stated value, 10,000 shares originally issued for $15 per share.

Preferred stock, $10 par value, 3,000 shares originally issued for $25 per share.

Kews February 1, 2010 statement of stockholders equity should report

	Common stock	Preferred stock	Additional paid-in capital
A.	$150,000	$30,000	$ 45,000
B.	$150,000	$75,000	$0
C.	$ 10,000	$75,000	$140,000
D.	$ 10,000	$30,000	$185,000

A: A. B: B. C: C. D: D.