When the owner of a sole proprietorship withdraws assets from the business for personal use,

a.it would be recorded as a loss by the proprietorship.

b.it is recorded as a reduction of owner's equity.

c.it is illegal because the assets belong to the separate entity, the proprietorship.

d.it is treated like a noncash dividend.

35. MC.11-122

Which of the following is true?

a.Financing activities can be inflows or outflows of cash reported on the statement of cash flows.

b.Companies usually disclose the sales price of each individual stock transaction on their financial statements.

c.The issuance of a stock dividend is an investing activity on the statement of cash flows.

d.Companies usually disclose cash flow per share on their financial statements.