Page 1 of 11 Question 1 (1 point) Cash dividends become a liability of the corporation when they are declared by the board of directors True False Question 2 (1 point) The share capital category on the statement of financial position includes both preference and ordinary shares True False Question 3 (1 point) A statement of cash flows indicates the sources and uses of cash during a period True False Question 4 (1 point) A loss on sale of equipment is added to net income in determining cash provided by operations under the indirect method True False Previous Page Next Page Page 1 of 11