On December 2, Coley Corporation acquired 2,000 shares of its $3 par value common stock for $24 each. On December 20, Coley Corporation resold 1,600 shares for $11 each. Which of the following is correct regarding the foumal entry for the resold shares? Advantages of the corporate form of business include which of the following? I. Double taxation II. Ability to raise capital III. Ability to transfer ownership IV. More paperwork V. Limited liability The board of directors of Capstone Incorporated declared a $0.90 per share cash dividend on its $2 par common stock. On the date of declaration, there were 45,000 shares authorized, 20,000 shares issued, and 6,000 shares held as treasury stock. What is the entry when the dividends are declared? 4 . in 2024, Lonesome Company incurred sales on account of $188,000. The company also has the following information: Fashion, Incorporated had a Retained Earnings balance of $17,000 at December 31, 2024. The company had an average income of $7,000 over the next 5 years, and an ending Retained Earnings balance of $14,000 at December 31 , 2027. What was the total amount of dividends paid over the last five years? During the year, Next Tec Corporation had the following cash flows: receipt from customers, $18,000; receipt from the bank for long-term borrowing, $7,300 : payment to suppliers, $5,900; payment of dividends; $1,200, payment to workers, $2,400; and payment for machinery. $10,500. What amount would be reported for net financing cash inflows (outflows) in the statement of cash flows