Question 24 (3 points) Bottlecap Manufacturing had $60,000 of its $3 par common stock issued before its recent 3-for-1 stock split. The market price of the stock was $30 per share before the split. Which of the following is true as a result of the split? There were 20,000 shares of common stock issued after the split. The balance in the common stock account increased to $180,000. The market price of the stock was not affected. The par value of the stock decreased to $1 per share. Question 25 (3 points) All of the following are reasons that a corporation may purchase treasury stock except it needs the stock for its employee stock bonus program. it desires to make an investment in its own stock. Oto buy out the ownership of stockholders. to increase the reported amount of earnings per share. Question 26 (3 points) Gadgetronics paid $2,000 interest on short-term Notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on its common stock. Acme would report cash flows from activities as follows: Operating, $18,000; financing, $0 Operating, $12,000; financing, $6,000 Operating, $16,000; financing, $2,000 Operating, $0; financing, $18,000