Zina Inc. issued common shares in exchange for purchasing land. Which statement about this transaction is true? O A It affects both investing and financing cash flows OB. The transaction details should be disclosed in a note to the financial statements OC. It should be reported as an investing activity OD. It should be reported as a financing activity Which of the following statements is correct regarding preferred shares? OA They must have a par value. OB. They are never issued without voting privileges. OC. They cannot exist unless there also are common shares. OD. They always provide for a fixed payment to be made to the shareholders even for years when no dividends have been declared. At its fiscal year end, December 31, 2021, RisCo had 10,000 $3, non-cumulative preferred shares; 20,000 $2, cumulative preferred shares; and 50,000 common shares issued and outstanding. If dividends are to be declared on December 31, 2021, what is the total dividend on all the preferred shares, considering that dividends have neither been declared in 2019 nor in 2020? O A $30,000 OB. $70,000 OC. $120,000 OD $150,000 When should the dividends payable account be credited due to a declaration of stock dividend? O A Date of payment OB. Date of record. OC Date of declaration OD. Never, because a stock dividend does not result in a liability