Marks Zina Inc. issued common shares in exchange for purchasing land. Which statement about this transaction is true? O A. It affects both investing and financing cash flows. OB. The transaction details should be disclosed in a note to the financial statements. OC. It should be reported as an investing activity, OD. It should be reported as a financing activity. 1 2 Marks Which of the following statements is correct regarding preferred shares? O A. They must have a par value. OB. They are never issued without voting privileges. OC. They cannot exist unless there also are common shares. OD. They always provide for a fixed payment to be made to the shareholders even for years when no dividends have been declared