BInc.'s accounts receivable increased by $10,000 and its accounts payable decreased by $5,000. As a result of these two items, its cash flow from operations

decreased by $5,000

decreased by $15,000

increased by $5,000

increased by $15,000

National Corp. has 100,000 shares authorized and 70,000 shares were issued on Jan.1, 2019. During 2019 the company repurchased and cancelled 5,000 shares. Assuming no other transactions involving shares occurred, how many shares does National Corp. have outstanding at the end of 2019?

		65,000
		5,000
		65,500
		95,000

Victory Stables has 1,000 common shares and 2,000 preferred shares outstanding. The preferred shares have current dividend preference. The preferred shares have a dividend rate of $2.25 per share. Victory has $11,000 to distribute in dividends. Accordingly, it will distribute

		$4,500 to the preferred shareholders and $6,500 to the common shareholders
		$7,333.33 to the preferred shareholders and $3,666.67 to the common shareholders
		$11,000 to the preferred shareholders
		$11,000 to the common shareholders

The following information is available from the recent financial statements of Atec:

• total assets $800,000, Net Income: $120,000, Sales: $1,500,000
• average total liabilities $400,000, total liabilities $500,000, average total assets: $700,000

		2.14
		1.88
		.46
		.53