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Business, 25.03.2021 01:10 wrestling2

The balance in retained earnings at December 31, 2020 was $1446000 and at December 31, 2021 was $1160000. Net income for 2021 was $1025000. A stock dividend was declared and distributed which increased common stock $490000 and paid-in capital $158000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as: .
A. An outflow from investing activities of $648000.
B. Stock dividends are not shown on a statement of cash flows.
C. An outflow from financing activities of $648000.
D. An outflow from financing activities of $490000.

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The balance in retained earnings at December 31, 2020 was $1446000 and at December 31, 2021 was $116...
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