1. On the date of? payment:
A. debit Dividends Payable and credit Cash.
B. debit Dividends and credit Retained Earnings.
C. debit Cash and credit Dividends Payable.
D. debit Retained Earnings and credit Dividends Payable.
2. A transaction involving the exchange of stock for land would be classified as? a(n):
A. investing activity.
B. noncash investing and financing activity.
C. financing activity.
D. operating activity.