9 and 10

9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450, and paid a cash dividend of $300 to its stockholders. It engaged in no other transactions during the period. Which of the following statements is true regarding the classification of these activities in Beatrice's Statement of Cash Flows? A. $4,000 received in cash revenues is a financing activity. B. $3,450 paid in cash expenses is an operating activity. C. $300 in cash paid for dividends is an operating activity D. $300 in cash paid for dividends is an investing activity 10. Nikonowicz Enterprises experienced the following events during 2018: The business acquired $10,000 cash by issuing common stock to investors. The business purchased land for $6,000 cash. Services were provided to customers for $8,000 cash. Services were provided to customers for $3,000 on account. Selling, general, & administrative expenses of $5,000 were incurred and paid in cash. Selling, general, & administrative expenses of $2,000 were incurred but not paid yet. A dividend of $1.000 was paid to the owners 10. Nikonowicz Enterprises experienced the following events during 2018: The business acquired $10,000 cash by issuing common stock to investors. The business purchased land for $6,000 cash. Services were provided to customers for $8,000 cash. Services were provided to customers for $3,000 on account. Selling, general, & administrative expenses of $5,000 were incurred and paid in cash. Selling, general, & administrative expenses of $2,000 were incurred but not paid yet. A dividend of $1,000 was paid to the owners of Nikonowicz Enterprises. Assuming the company began operations during 2015, the balance of retained earnings as of December 31, 2018, would be A. $ 3,000 $ B. 4,000 C. $ 5,000 D. $11,000