6. Roberts company sold equipment for $250 000, purchased a building for $6500 000, sold short term investments for $280 000, repaid principal on a note payable for $2300 000 plus $230 000 of interest and paid cash dividends of $20 000. What was the net cash flow from investing activities?

   1. $6250 000 outflow

   2. $8320 000 outflow

   3. $8270 000 outflow

   4. $5970 000 outflow

7. Which of the following statements about earnings per share is true?

   1. Increased net income would cause earnings per share to increase

   2. Issuance of more common shares would cause earnings per share to increase

   3. Repurchase of treasury shares would cause earnings per share to increase

   4. Both a and c are true

   5. All of the above are true

8. The balance sheet of Werther Company showed the following data about its common stock, par $1: authorized shares, 10 000 000; outstanding shares, 4300 000; and issued shares, 4700 000. Therefore, the number of treasury stock shares was

   1. 0

   2. 4700 000

   3. 4300 000

   4. 400 000

   5. None of the above is correct

9. Accounting entries associated with a cash dividend usually are made on the

   1. Record date and payment date

   2. Payment date only

   3. Declaration date and record date

   4. Declaration date and payment date

   5. None of the above is correct