Attention! No explanation is needed. Answer all four questions. ( Not only one because based on your policy I can ask up to four questions in one post) Thank you! Answer right I will leave a good feedback!

TH Taug. 2.15 40. Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 400 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: O A debit to Organization Expenses for $4,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000 A credit to Common Stock for $5,000. A debit to Organization Expenses for $5,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,000. 39. Receipts of cash dividends and interest earned on loans are classified as investing activities. O True O False 38. A corporation may not legally give shares of its stock to promoters in exchange for their services in organizing the corporation True False 37. The statement of cash flows cannot help address questions such as: O How much cash is generated from or used in operations? O How much of the company's revenues have been retained as profit? O How is the increase in investments financed? Why is cash flow from operations different from income? O What is the source of cash for new plant assets