3. Each of the following is a form of ownership of an organization except a. Manufacturing b. C-Corporation c. S-Corporation d. Partnership e. Sole Proprietrorship 34. A stock dividend can be declared or issued: only if there is sufficient cash. done so that cash is kept internally a. b. 35. The statement of cash flows is: a. a required general purpose report b. an optional financial statement c. a supplement to the balance sheet 36. The declaration and issuance of a stock dividend: a. is shown on the cash flow statement b. would not be reported on the statement of cash flow 37. If $1,000,000 of bonds payable are sold at 99: a. $1,000,000 would be reported in the cash flows from financing activities section of the statement of cash flows. b. $990,000 would be reported in the cash flows from investing activities section of the statement of cash flows c. $990,000 would be reported in the cash flows from financing activities section of the cash flows statement If cash dividends of $20,000 were declared during the year and the decrease in dividends payable from the beginning to the end of the year was $2,500, the statement of cash flows would report a: 38. a. $17,500 cash outflow in the financing activities section. b. $20,000 cash outflow in the financing activities section. c. $22,500 cash outflow in the financing activities section. Factors which reflect the ability of a business to earn a reasonable amount of income are referred to as: 39. a. solvency b. stability c. profitability. 40. Capital expenditures are costs that are charged to: a. stockholders' equity accounts b. current asset accounts c. non-current asset accounts d. liability accounts