​First-price auctions have all the following properties EXCEPT

A) ​Highest bid wins
B) Highest bidder pays her winning bid
C) The item is won by the second-highest bidder
D) ​The price is set to the highest bid

Land acquired from the issuance of common stock is reported

A) as a financing activity.
B) as an investing activity.
C) as an operating activity.
D) in a separate schedule at the bottom of the statement of cash flows.