Question 4 1 pts When a company declares a cash dividend: O cash decreases O equity decreases liabilities decrease O no entry is necessary D Question 5 1 pts The shareholders' equity section of the 30 June 2017, statement of financial position for Bravo Bistro Ltd appeared as follows. Ordinary shares, 2 000 shares $7 000 Retained earnings $5 400 Total shareholders' equity $13 000 Assume that all of the 2 000 shares of Bravo Bistro Ltd's that was issued as of 30 June 2017, was issued at $3.50 per share. On 1 September 2017, Bravo Bistro Ltd reacquired 1 500 of its ordinary shares for $4.50 per share. If all of the 1 500 shares that Bravo Bistro Ltd repurchased on 1 September were later reissued for $5.50 per share, the journal entry to record this transaction includes a debit to what account and for what amount? $6,750 to contributed capital $8,250 to cash $6,750 to cash O $8,250 to share buy-back n Question 9 1 pts Presented below is the operating activities section of the statement of cash flows for Bruin Consulting for the financial year ended 30 June 2014: Operating activities: Total comprehensive income $120 000 Add: Depreciation 10 000 Decrease in accounts receivable 5 000 $135 000 Deduct: Decrease in accounts payable (15 000) Net cash inflow from operating activities $120 000 Which method of preparing the operating activities section has Bruin Consulting used? The indirect method O Cannot be determined without further information O The direct method O Neither method