Source of income for a not-for-profit organization is:

Question 10 options:

1)	Subscription from Members

2)

Donation

3)	Entrance Fees

4)	All the above

Sam Co. sold equipment for $100,000, purchased a building for $80,000, sold long-term investments for $20,000 and repaid a note payable for $25,000 plus $1,500 of interest. What was the net cash flow from investing activities? (parentheses indicate an outflow)

Question 11 options:

1)

$40,000

2)

$15,000

3)

$13,500

4)

($45,000)

Which of the following is closed at the end of the accounting period:

Question 12 options:

1)	Dividends payable

2)	Unearned Revenue

3)	Sales Revenue

4)	Accumulated Depreciation

On January 1, 2019, Joan Co. started the year with a balance of $246,000 in Retained Earnings and a balance of $496,000 in Share Capital. During 2019, the company earned net income of $46,000, paid a cash dividend of $7,600, and issued additional shares for $13,750. What is total shareholders' equity on December 31, 2019?

Question 13 options:

1)	$548,500.00

2)	$600,650.00

3)	$615,850.00

4)	$794,150.00

A company had 50,000 common shares. During the period, a 10% stock dividend was declared and distributed. The market value was $25 a share. As a result of this stock dividend, retained earnings should increase (decrease) by

Question 14 options:

1)

$0.00

2)	$(125,000).

3)	$50,000.00

4)	$125,000.00

5)	$(50,000).