8. The information to prepare the statement of cash flows usually comes from each of the following except a. the comparative balance sheet. b. the former income statement. c. additional information. d. the current income statement. 9. Jahnke Corporation issued 10.000 shares of2 par value for 11 per share. The journal entry to record the sale will include a. a debit to Cash for 20.000. b. a credit to Additional Paid-in Capital for 90.000. c. a credit to Share Capital for 110.000. d. a debit to Retained Earnings for 27.500. 10. Financing activities involve a. lending money to other entities and collecting on those loans. b. cash receipts from sales of goods and services. c. acquiring and disposing of productive long-lived assets. d. non-current liability and equity items. 11. On January 1, Shannon Manufacturing had 120.000 shares with a 10 par value. On March 17, the company declared a 15% share dividend to shareholders of record on March 20. Market value of the shares was 13 on March 17. The entry to record the transaction of March 17 would include a a. credit to Cash Dividends for 54.000. b. credit to Cash for 234.000. c. credit to Ordinary Share Dividends Distributable for 180.000. d. debit to Ordinary Share Dividends Distributable for 180.000. 12. Swanson Corporation declared a 10% share dividend when it had 350.000 shares with a $3 par value. The market price per share was $12 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to a. Retained Eamings for $105.000. b. Additional Paid-in Capital for $315.000. C. Share Capital for $420.000. d. Retained Earnings for $350.000. 13. If Kiner Company issues 8.000 shares with a $5 par value for $250.000, a. Share Capital will be credited for $250.000. b. Additional Paid-in Capital will be credited for $40.000. c. Additional Paid-in Capital will be credited for $210.000. d. Cash will be debited for $210.000. 14. El Toro Manufacturing Inc. declared a 20% share dividend when it had 200.000 shares with a 5 par value. The market price per share was 8 on the declaration date. The entry to record the dividend declaration included a credit to a. Retained Eamings for 320.000. b. Additional Paid-in Capital for 280.000. C. Share Capital for 320.000. d. Additional Paid-in Capital 200.000