Which of the following sections on a statement of cash flows is used to report the cash flow effects of transactions involving a company's stock?

a.Financing Activities

b.Operating Activities

c.Investing Activities

d.Profit Activities

Moore Industries began operations on January 2, 2017, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000. Moore Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Moore Industries. If the company's revenues were $500,000 for the year ended December 31, 2017, how much were total expenses?

a.$640,000

b.$160,000

c.$260,000

d.$740,000

Use the five transactions below for Hennigan Rentals to answer the questions that follow.

Dec. 1		Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days.
8		Hennigan accepts advance deposits for tool rentals of $75.
15		Hennigan receives a bill from Farmer's Electric Company for $150. Payment is due in 30 days.
20		Customers are charged $750 by Hennigan for tool rentals. Payment is due from the customers in 30 days.
31		Hennigan receives $500 in payments from the customers that were billed for rentals on December 20.

Refer to the transactions for Hennigan Rentals. Based on the December 8 transaction, Hennigan will record which of the following in its accounting records?

a.A credit in Accounts Receivable for $75

b.A debit in Accounts Payable for $75

c.A credit in Accounts Payable for $75

d.A debit in Accounts Receivable for $75