1.The amount of cash dividends declared during the period and the amount of cash dividends paid during the period are reflected in the:

A.statement of shareholders' equity and income statement, respectively

B.statement of shareholders' equity and the cash flow statement, respectively

C.cash flow statement and statement of shareholders' equity, respectively

D.income statement and cash flow statement, respectively

2.The sale of equipment at book value would be reported on a statement of cash flows under:

A.the investing activities

B.the financing activities

C.the operating activities

D.either investing activities or financing activities

3.The amount of cash paid for dividends for the current year can be calculated by the following formula:

A.beginning dividends payable minus ending dividends payable minus dividends declared

B.beginning dividends payable plus ending dividends payable plus dividends declared

C.beginning dividends payable minus ending dividends payable plus dividends declared

D.beginning dividends payable plus ending dividends payable minus dividends declared