mhic, issued 2,000 shares of stock at a par value (stated value) of $5 per share. Later in the year when the market price of the stock reached as high as $9 per share, Kent repurchased 750 of these shares at a cost of S& ner share. The effect of repurchasing the stock would have the following effect on the Statement of Cash Flows: Increase cash flows by $10,000 in the Investing activities Decrease cash flows by $6,000 in the Financing activities Decrease cash flows by $6,750 in the Financing activities Increase cash flows by $6,000 in the Investing activities Not impact the Statement of Cash Flows B. On March 31, Mayweather Corporation issued 120,000 shares of $5 par common stock for $50 per share. On August 15, Mayweather's Balance Sheet showed 120,000 shares issued and 100,000 shares outstanding of the common stock. Mayweather declared a $0.20 per share dividend on August 15. The total dividend declared by Mayweather would be: A. $24,000 B. $20,000 $4,000 Not Enough Information to Answer the Question C. 43. Tandem Corporation issued 200,000 shares of $2 par value common stock at date of incorporation for cash at a price of $7 per share. During the first year of operations, the company earned $80,000 and declared a dividend of $25,000. At the end of this first year of operations, the balance of the Common Stock account is: A. $1,400,000 B. $1,480,000 $1,455,000 D. $400,000 44. To be eligible to receive the next cash dividend, an investor must purchase the stock before: A. Labor Day B. The date of record C. The payment date announced by the board of directors D. The end of the company's calendar year 45. The purchase of treasury stock for cash will have which effect upon the following items? Total Stockholders' Total Assets Equity Shares Issued Shares Outstanding Decrease Decrease None Decrease None Increase None Decrease Increase Decrease Increase Decrease Decrease Decrease Decrease Decrease