QUESTION 43 Land used in the business was sold for $350,000 in cash. The transaction should be reported in which section of the Statement of Cash Flows? Financing Activities Investing Activities Supplemental disclosure in a schedule of significant Noncash Activities Operating Activities QUESTION 44 If $800,000 (Face Value) in bonds are issued at 102, then the bonds were issued at: A discount of $16,000. A loss of $16,000. A premium of $16,000 A gain of $16,000 QUESTION 45 The following selected amounts are available for Diddle, Inc.: Retained earnings (beginning of year) $600,000; Net (loss) for the year ($100,000): Cash dividends declared and paid for the year $50,000. What is Diddle, Inc.'s Retained Earnings balance at the end of the year $500,000. $450,000 o $750,000. $550,000 QUESTION 46 Which of the following statements is true about stock dividends? Stock dividends will reduce the total number of shares outstanding. Stock dividends will reduce a Company's total stockholders' equity. Stock dividends will increase a Company's total stockholders' equity. Stock dividends will increase the total number of shares outstanding