How is cash invested by shareholders in exchange for shares initially recorded in the accounting records? as an increase in Retained Earnings, and an increase in Cash as an increase in Long-Term Investments, and a decrease in Cash as an increase in Common Shares, and a decrease in Cash as an increase in Common Shares, and an increase in Cash The issuance of common shares with a value of $9,000 to purchase land will increase the Common Share account. True False The purchase of land for a combination of cash and issuance of shares would require which of the following? increase in Land, increase in Common Shares, increase in Cash increase in Cash, decrease in Common Shares, decrease in Land increase in Land, increase in Common Shares increase in Land, increase in Common Shares, decrease in Cash A declaration of dividends results in an increase in liabilities and a decrease in shareholders' equity. True False Which of the following expenses has no effect on the cash flow of a firm? salaries expense interest expense depreciation expense cost of goods sold