43. Daman Company issued 500 shares of no par common stock for $5,500. Which of the following joumal entries would be made if the stock has a stated value of $2 per share? A) Cash 5,500 Common Stock 5,500 B) Cash 5,500 Common Stock Paid-in Capital in Excess of Par 1,000 4,500 C) Cash 5,500 Common Stock Paid-in Capital in Excess of Stated Value 1,000 4,500 D) Common Stock Cash 5,500 5,500 44. The final effect of the declaration and payment of a cash dividend on a company's Balance Sheet is to A) increase total liabilities and stockholders' equity B) decrease stockholders' equity and total assets. c) decrease current liabilities and stockholders' equity D) increase total assets and stockholders' equity 45. On January 1, Bramble Corporation had 910,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15% stock dividend. Market value of the stock was $20 share. As a result of this event, A) Bramble's Paid-in Capital in Excess of Par account increased $1,365,000. B Bramble's total stockholders' equity was not affected. C) Bramble's Stock Dividends account increased $2,730,000 D) All of the above 46. In completing the Statement of Cash Flows, the amount of the depreciation expense on the income statement would be included in: A) cash flows from operating activities B) cash flows from investing activities. C) cash flows from financing activities. D) no section of Statement of Cash Flows. Page 15