QUESTION 10 Entity Kis authorized to issue 1,000,000 shares of $1 par value common stock On January 15, Entity issued 700,000 shares of stock at $7 per share. On September 5, i repurchased 20,000 shares of common stock for the treasury at $8 per share On December 6, it declared a dividend of 50 per share on outstanding shares. What is the amount of the dividend declared? $20,000 $340,000 $350,000 $700,000 QUESTION 11 Entity reported net income of $125,000 for the current year and uses the indirect method to report operating activities cash flow. During the year, Entity Lexchanged its common stock valued at $50,000 for vacant land on which it plans to build car wash. Choose the appropriate category on the statement of cash flows to report this transaction Cash Flows From Operating Activities.Add to Net Income Cash Flows From Operating Activities-Deduct from Net Income Cash Flows From Investing Activities Cash Flows From Financing Activities Non-cash Investing and Financing Activity QUESTION 12 On the statement of cash flows, cash receipts from the sale of equipment is a (an): operating activity financing activity non-cash investing and financing activity investing activity