Provide calculations or explanation (if its possible)

QUESTION 17 When a company declares a cash dividend on its common stock to be paid at a later date, which of the following is correct? Hint: Think of the journal entry for declaring a cash dividend. O assets do not change, liabilities increase, and stockholders' equity decreases. O no journal entry is required O assets decrease, liabilities decrease, and stockholders' equity does not change. O assets, liabilities, and stockholders' equity do not change. QUESTION 18 Ratios are most useful in identifying O causes relationships. O differences investment opportunities. QUESTION 19 Entity L reported net income of $150,000 for the current year and uses the indirect method to report operating activities cash flow. During the year, Entity L exchanged its common stock valued at $75,000 for vacant land on which it plans to build a restaurant. Choose the appropriate category on the statement of cash flows to report this transaction. O Cash Flows From Operating Activities-Add to Net Income O Cash Flows From Operating Activities-Deduct from Net Income O Cash Flows From Inves Activities O Cash Flows From Financing Activities Non-cash Investing and Financing Activity QUESTION 20 A company may prepare the operating activities section of the statement of cash flows using the direct or indirect method. Which of the following statements is true? O net operating cash flow will be higher if the direct method is used. O net operating cash flow will be higher if the indirect method is used. one cannot say which method will result in higher operating cash flow, it depends on the facts. O net operating cash flow will be the same regardless of which method is used