The declaration of a cash dividend to be paid at a future date decreases assets reduces net income decreases stockholders' equity decreases liabilities. 3 points Entity I (which follows US GAAP) purchased a commercial building site several years ago for $150,000. A builder recently offered to purchase the site for $325,000 in an allcash deal, but Entity I declined. At what value should the land be reported in Entity l's financial statements? It should not be reported at any value because it is not being used in operations. $175,000 $150,000 $325,000 because a willing seller has been found