- Which of the following is a disadvantage of an S Corporation?

A. Liability

B. Restrictions on number of stockholders

C. Inability to transfer ownership

D. Double Taxation

- The collection of cash from customers would be classified as which type of cash flow on the Statement of Cash Flows?

A. Financing.

B. Operating.

C. Not reported on the statement of cash flows.

D. Investing.

- Under what section of the Statement of Cash Flows would you classify dividends paid on common stock?

A. Investing.

B. Operating.

C. Financing.

D. Noncash activity.

Thank you for assisting me!