Which one of the following transactions causes a decrease to retained earnings? Select one: O a. buy

Which one of the following transactions causes a decrease to retained earnings? Select one: O a. buying treasury stock O b. Declaring a cash dividend O c. Declaring a stock dividend O d. Both “b” and “c” cause a decrease to retained earnings. Which one of the following is a nonoperating event that must be reported on the income statement? Select one: O a. Acquisition of a plant asset to be used in operations O b. Disposal of an identifiable segment of the business o c. Recognition of cost of goods sold O d. Consumption of office supplies How will a company classify the income tax payments on its statement of cash flows? Select one: O a Operating activities O b. Taxing activities Lending activities

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