A.B. C.D.E.

Dudley, Inc. began operations on October 1, 20X2, with 3,000 shares of $2 par common stock authorized. Dudley issued all of its common stock during 20x2 and 20X3. On December 31, 20x2, Dudley repurchased 1,000 shares of its outstanding shares, then reissued 500 of these shares on March 1, 20X3, Dudley declared a 2-for-1 stock split. As a result of this stock split, which of the following is true? O a. Stockholders' equity decreased. O b. Stockholders' equity increased. O C. Assets decreased. O d. Total stockholders' equity remained the same. During its second quarter of the operations, Grand repurchased 1,000 shares at $18 per share. Those shares had been issued earlier at $20 per share. As part of this transaction: O a. Total stockholders' equity dropped by $18,000. O b. Grand lost $2 per share. O d. All of the above. For companies that own their own facilities, one of the most important causes of the difference between the company's net income and net cash flow from operating activities is a. Collections from customers. c. Payments to employees. d. Interest expense. Sara Lee uses the indirect method for presenting its statement of cash flows. The label "Proceeds from sale of equipment" appears a. In the financing activities section. O b. In one of its two supporting schedules. OC. In the operating activities section. d. In the investing activities section. Olive Company information is noted below: Net Income Cash dividends paid on preferred stock Cash dividends paid on common stock Average number of preferred shares outstanding Average number of common shares outstanding Market price per share of common stock at year-end 20x2 20x1 $150,000 $120,000 15,000 15,000 42,000 38,000 20,000 20,000 105,000 95,000 25.10 22.70 and note if the level of profitability per share has Earnings per share for 20X2 would be reported as increased or decreased from the prior year. a. $1.20 and profitability has increased. b. $1.29 and profitability has increased. C. $1.43 and profitability has decreased. d. $1.08 and profitability has decreased