A company had 50,000 common shares. During the period, a 10% stock dividend was declared and distributed. The market value was $25 a share. As a result of this stock dividend, retained earnings should increase (decrease) by 1) $(50,000). 2) $0.00 3) $50,000.00 4) $(125,000). 5) $125,000.00 Kyla Co. issues $1 million of new shares and pays $600,000 in cash dividends during 2019. In addition, the company issued a new bond for $1.5 million, and paid off existing bonds with a face value of $2 million. Kyla Co.'s net cash flow from financing activities in 2019 is: 1) An outflow of $100,000. 2) An outflow of $200,000. 3) An inflow of $800,000. 4) An inflow of $300,000. Following is the shareholders' equity section of the balance sheet of the Sammy Ltd.: Share capital: Common shares, 100,000 share authorized 65,000 shares issued Total share capital Retained earnings Total shareholders' equity $650,000 $650,000 349,000 $999,000 The common shares are currently selling for $15.50 per share. The total shareholders' equity after the distribution of a $0.75 per share cash dividend is: 1) $924,000 2) $627,500 3) $326,500 4) $950,250 Prior to recording the December 31, 2019, year-end adjusting entries for a small business, revenues exceed expenses by $50,000. The following information was known at December 31, 2019: (1) Services amounting to $8,000 had been performed but not yet been billed or recorded. (2)An advertising campaign is scheduled to run from Jan 1 to June 30, 2020. The $6,000 costs for the campaign were paid for on November 30, 2019. (3)$7,000 of depreciation on capital assets for 2019 has not yet been recorded. (4)The company paid $6,000 of a one-year insurance policy effective starting from Nov 1, 2019. No adjustment has yet been made. Assuming the company prepares financial statements only on its fiscal year end December 31, what is its accounting income before taxes for 2019? 1) 44,500 2) 50,000 3) 50,500 4) 45,000