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What is the answers and explains your answers Which of the following is an investing activity? A. Purchasing land. B. Paying dividends to stockholders. C.

image text in transcribedWhat is the answers and explains your answers
Which of the following is an investing activity? A. Purchasing land. B. Paying dividends to stockholders. C. Repaying amounts borrowed from the bank. D. Purchasing advertising on a local radio station Which statement below best describes the accounting equation? A. The change in retained earnings equals net income less dividends. B. Equality of revenue and expense transactions over time. C. Resource of the company equal creditors' and owners' claims to those resources. F. activities equal investing and operating activities If a company has stockholders' equity of exist60,000 at the end of the year, which of the following statements must be true? A. The company's assets exceed liabilities by exist60,000 B. The company has issued exist60,000 of common stock. C. Net income for the year equals exist60,000. D. Total revenues earned during the year equal exist60,000. Use the following appropriate amounts to calculate net income: Revenues, exist12,000 Liabilities, exist5000. Expenses, exist4,000: Assets, exist19000.Dividends, exist4,000. A. exist6,000 B. exist8,000. C. exist4,000. D. exist14,000. How many of the following transactions are operating activities? Borrowed exist50,000 from the bank Purchased exist12,000 in supplies Provide services to customers for exist27,000 Paid the utility bill of exist750 Purchased a delivery truck for exist12,000 Received exist25,000 from issuing common stock A. One. B. Two C. Three. D. Four. Given the information below about Thomas Corporation, what was the amount of dividends the company paid in the current period? A. exist13,000. B. exist110,000. C. exist28,000. D.exist18,000

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