Question Completion Status: QUESTION 10 The balance in retained earnings at December 31, 2020 was $1,440.000 and at December 31, 2021 was 51,164,000. Net income for 2021 was 51.000.000. A stock dividend was declared and distributed which increased common stock 5500,000 and paid-in capital $220,000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as A. stock dividends are not shown on a statement of cash flows. B. an outflow from financing activities of $500.000 C. an outflow from financing activities of $720.000 D. an outflow from investing activities of $720,000. QUESTION 11 An analysis of the machinery accounts of Sierra Company for 2021 is as follows: Machinery, Net of Accumulated Accumulated Machinery Depreciation Depresistid Balance at January 1, 2021 S500.000 $125,000 $375,000 Purchases of new machinery in 2021 for cash 200.000 200,000 Depreciation in 2021 100.000 (100.000) Balance at Dec 31, 2021 5700.000 $225.000 $175.000 The information concerning Sierra's machinery accounts should be shown in Sierra's statement of cash flows (indirect method) for the year ended December 31, 2021. as an) A $100.000 increase in cash flows from financing activities. B. subtraction from net income of $100,000 and a $200.000 decrease in cash flows from financing activities. C. addition to net income of $100,000 and a $200,000 decrease in cash flows from investing activities. D. 5200.000 decrease in cash flows from investing activities. QUESTION 12 Sierra Company sold some of its plant assets during 2021. The original cost of the plant assets was $900,000 and the accumulated depreciation at date of sale was $340,000. The proceeds from the sale of the plant assets were 590.000. The information concerning the sale of the plant assets should be shown on Sierra's statement of cash flows (indirect method) for the year ended December 31, 2021. as an A. addition to net income of $30,000 and a 590.000 increase in cash flows from investing activities. B. subtraction from net income of 530.000 and a 590,000 increase in cash flows from investing activities. C. subtraction from net income of 530,000 and a 560.000 increase in cash flows from financing activities. D. addition of 590.000 to net income. Click Save and Submit to see and submit. Click Save All Art to save all answers G-SYNC 3D VISION