just the answers

Question 7 Preferred stock issued in exchange for land would be reported in the statement of cash flows in O a separate schedule or note to the financial statements. O the cash flows from the operating section. the cash flows from investing activities section. the cash flows from financing activities section. Question 8 Vaughn Manufacturing Issued 20400 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $49000 and issued long- term notes payable of $449000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? $1216000 net cash inflow. O $719000 net cash outflow. $12000 net cash inflow $359000 net cash inflow. Question 9 Outstanding stock of the Sheridan Corporation included 35000 shares of $5 par common stock and 10500 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Sheridan declared and paid dividends of $5250. In 2020, Sheridan declared and paid dividends of $17500. How much of the 2020 dividend was distributed to preferred shareholders? $10500 O $15750 $5250 None of these answer choices are correct