1. Ace Inc. declared and distributed a 10% stock dividend during the year. Explain how, if at all, you think this transaction should be reported on a statement of cash flows. 2. Explain where to find...

1. Ace Inc. declared and distributed a 10% stock dividend during the year. Explain how, if at all, you think this transaction should be reported on a statement of cash flows.

2. Explain where to find the information needed to determine a company’s cash flow adequacy.