XYZ Inc. had these cash transactions during 2018:

Sales receipts $ 2,000,000

Inventory payments $ 1,500,000

Interest payments $ 20,000

Wage payments $ 120,000

Dividend receipts $ 10,000

Interest receipts $ 6,000

Equipment purchased $ 150,000

Stock of Canton Company purchased $ 50,000

Stock issued $ 300,000

Conversion of bonds into ordinary shares $ 100,000

Repaid a note (non-operating) $ 100,000

What was XYZs net cash provided by (used in) financing activities?

a. 300,000

b. 150,000

c. 200,000

d. 100,000

A share split

a. will have no effect on the par value per share of shares.

b. will increase total equity.

c. will increase the total par value of the shares.

d. will increase the outstanding shares

Tom, Inc. has 2,500 shares of 6%, $50 par value, cumulative preference shares and 50,000 ordinary shares with a $1 par value outstanding at December 31, 2016, and December 31, 2016. The board of directors declared and paid a $5,000 dividend in 2015. In 2016, $22,000 of dividends are declared and paid. What are the dividends received by the preference and ordinary shareholders in 2016?

a. Preference=$10,000, Ordinary=$12,000

b. Preference=$7,500, Ordinary=$14,500

c. Preference=$12,000, Ordinary=$10,000

d. Preference=$11,000, Ordinary=$11,000

During 2018, Mitch Corp. acquired 500 shares of Beck stock at $30 per share. Mitch accounted for the stock as FVTPL financial assets because Mitch Corp. did not want to control Beck and did not make an irrevocable election to measure the equity investment as FVTOCI.

The market price per share of Beck's stock as of December 31, 2018 and 2019, is $22.50 and $37.50, respectively. How much unrealized gain or loss on long-term investments should Mitch report on its December 31, 2018, statement of comprehensive income?

a. $7,500 loss.

b. $3,750 gain.

c. No gain or loss.

d. $3,750 loss.