5) Hutter Corporation declared a so.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common The journal entry to record the dividend declaration is: A) Debit Common Dividends Payable $4,500; credit Cash $4,500 Retained Earnings $4,500; credit Common Dividends Payable $4,.00 C) Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000. D) Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. E) Debit Common Dividends Payable $4,000; credit Cash $4,000. 6) The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is: A) Investing activities. B) Financing activities. C) This is not reported on the statement of cash flows. D) Operating activities. E) Schedule of noncash investing or financing activity. 7) Which of the following items is reported on the statement of cash flows under financing activities? A) Declaration of a stock dividend B) Stock split. C) Payment of a cash dividend. D) Declaration of a cash dividend. E) Payment of a stock dividend. 8) Classifying costs by behavior with changes in volume of activity involves: A) Identifying both quantitative and qualitative cost factors. B) Identifying fixed cost and variable cost. C) Identifying cost of goods sold and operating costs D) Identifying costs as financial or managerial E) Identifying costs in a physical manner