3 The account Unrealized Gain (Loss) on Available-For-Sale Securities should be included in the

_

	a. Balance sheet as an adjustment to the asset account
	b. Balance sheet as an adjustment to Stockholders' Equity
	c. Statement of Retained Earnings
	d. Income statement as Other Revenue (Expenses)

4 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. $55,000
	b. $35,000
	c. $40,000
	d. $50,000

11

If $475,000 of bonds payable are sold at 101, $475,000 would be reported in the cash flows from financing activities section of the statement of cash flows.

a. true
b. false

12 On the statement of cash flows, the cash flows from operating activities section would include

a. payments for cash dividends

b. receipts from the issuance of capital stock

c. payments for the purchase of investments

d. payment for interest on short-term notes payable