20. All of the following would be included in a company's investing activities except: a. purchase of land b. payment of dividends c. collection of loan repayments d. purchase of equipment e. purchase of another company's stock A firm may have a significant amount of net income, as computed by accountants on the accrual basis, and yet have a severe decline in cash. a. True b. False 21. Payment of dividends is a financing activity. a. True b. False 22. A stock dividend is when your shares double while your par value is cut in half. a. True b. False 23