Question Help Resco Corporation has had 10,000 shares of $3, cumulative preferred shares outstanding as well as 35,000 common shares since it was incorporated. During the first, second, and third years of operations, $15,000, $18,000 and $50,000 in dividends respectively were paid. The dividends paid to the common shareholders in year three amounted to O A $30,000 OB. 50 O C. $27,000 OD. $18,000 wa An exchange of a long-term note payable for equipment is presented on the financial statements as a disclosure note rather than as a source and use of cash on the cash flow statement. True O False Stock dividends increase and decrease O A. assets, liabilities OB. common shares, assets O C. common shares, retained earnings OD. retained earnings, assets 0 Question Help The Wicker Corporation had operating expenses, other than salaries, wages, and amortization of $98,000. Prepaid expenses had a net increase during the period of $4,000. Accrued liabilities had a net increase of $7,000 during the period. How much were the cash payments for operating expenses? O A $101,000 OB. $109,000 OC. $87,000 OD. $95.000