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What stock dividend should be reported on the statement

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Reference no: EM132873520

The balance in retained earnings at December 31, 2020 was $1440000 and at December 31, 2021 was $1168000. Net income for 2021 was $1098000. A stock dividend was declared and distributed which increased common stock $496000 and paid-in capital $151000. A cash dividend was declared and paid.

Problem 1: The stock dividend should be reported on the statement of cash flows (indirect method) as

a) an outflow from investing activities of $647000.
b) an outflow from financing activities of $647000.
c) Stock dividends are not shown on a statement of cash flows.
d) an outflow from financing activities of $496000.

Reference no: EM132873520

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