Mena Company was established on January 1. The corporate charter authorized 1,000,000 shares of $10 par value common stock. During the first month of opration, the corporation issued 600 shares to its attorneys in payment of a $8,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include: A. A debit to Organization Expenses for $6,000. B. A credit to Paid-in Capital in Excess of Par Value. Common Stock for $2,000. C. A debit to Paid-in Capital in Excess of Par Value. Common Stock for $2.000. D.A credit to Common Stock for $8.000, QUESTION 10 All of the following statements are true regarding the statement of cash flows except: A. Investing activities include transactions that affect issuance of common stock. B. Financing activities include transactions that affect long-term liabilities and equity. C. Investing activities include transactions and events that come from the purchase and sale of long-term assets. D. Noncash activities are investing and financing activities that do not affect cash flows. QUESTION 11 Which section of the statement of cash flows is used to report the purchase of a building by Issuing a 9-month note payable? A. Operating activities. B. Investing activities. C. Schedule of noncash investing or financing activity. D. Financing activities. Click Save and Submit to save and submit. Click Save All Answers to save all answers