Question 31 (4 points) Which of the following is not reported on the Statement of Stockholders' Equity? 12 Treasury Stock 15 Paid in Capital in Excess of Par - Common Stock. 18 Retained Earnings 21 Common Stock 24 Cash. The Benna Co. was formed on January 1st and was authorized to issue 40 million shares of common stock. The following information relates to the the common stock 12 ! 15 18 Year 1 - Jan 30th Issued 6 million shares of common stock Year 1 March 30th Issued 10 million shares of common stock. Year 1 - Dec Repurchased 2 million shares of common 2nd stock. Year 2 - April 10th Issued 9 million shares of common stock. Year 2 - Oct. Repurchased 8 millions shares of common 12th stock At the end of the 2nd year, how many shares of common stock are outstanding? 30 million 35 million 20 15 million 10 million 11 Overall, a distribution of stock dividend will: decrease total assets not change total stockholders equity. decrease total stockholder's equity, increase total stockholders' equity, . 17 1 20 21 23 24 Question 34 (4 points! Which statement is false? Regarding the Statement of Cash Flows, the only difference between the direct method and indirect method is how the operating activities section is prepared Common Stock and Preferred Stock are equity accounts. Cash paid for expenses and cash received for revenues are reported as an operating activity 27 * 2 30 Cash received from a loan is reported as a financing activity