Hawkeye Corporation issues 100 shares of no-par value common stock for $20 per share. This transaction will include a credit to Common Stock for:

Group of answer choices

A. $1,000 and a Gain on Issue of Common Stock for $1,000.

B. $1,000 and a credit to Retained Earnings for $1,000.

C. $1,000 and a credit to Paid-in Capital for $1,000.

D. $2,000.

Under the direct method of preparing the statement of cash flows, cash receipts from operating activities do NOT include:

Group of answer choices

A. payments to suppliers.

B. collections from customers.

C. receipt of interest on investments.

D. receipt of dividends on investments.