Myers Real Estate Company exchanged an acre of land in exchange for five hundred shares of stock in the Midland Corporation. The land is worth $22,000 and the stock is worth $40 per share. How will this transaction be reported on the statement of cash flows? As a use of cash in the investing section and a source of cash in the financing section As a source of cash in the investing section, a use of cash in the financing section, and an adjustment to net income in the operating section for the loss As a non-cash investing and financing transaction As a source of cash in the investing section and a use of cash in the financing section For the past two years, Mayfair Company's statement of cash flows has shown net cash provided by investing activities. Which of the following strategic choices could explain this result? Purchase of 29% of Fairview, Inc.'s common stock Issue 100,000 shares of preferred stock Divestiture of a significant operating division O Payoff of the outstanding balance on a long-term loan