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- True or False: Dividends declared and paid result in a decrease to the common stock's account balance. Select one: True FalseWhich of the following statements is false? a. the common stock account has a credit balance. b. the additional paid-in capital account has a credit balance. c. common stock may be issued for more than par value. d. the par value of common stock represents the stock's market value.A small stock dividend a. decreases common stock. b. has no effect on total equity. c. increases Retained Earnings. d. Items a, b, and c are correct.
- 8. How would total stockholders' equity be effected by the declaration of each of the following? Stock dividend a. No effect b. Decrease c. Decrease d. No effect Stock Split Increase Decrease No effect No effectWhich of the following statement is false in regards to Share premium? a. It will be shown under equity section in the balance sheet b. It will be credited at the time of issue of new shares along with premium c. It cannot be distributed as dividend to the shareholders d. It can be distributed as dividend to the shareholdersWhich of the following is False in regards to Share premium account? a. It will be shown under the shareholders equity b. It will be collected when the issue price is more than the par value of shares c. It will be collected when the par value of share is more than the issue price d. It will not be shown under current assets in the balance sheeting
- How does a 2: 1 stock split (stock-split-up) affect the following two items? Par Value per Share Retained Earnings Select one: to. Increase Has no effect b. Decrease Decrease c. Decrease Has no effect d. Has no effect Has no effectWhen treasury stock is sold below cost, the Paid-in Capital, Treasury Stock account is debited for the excess of the cost the selling price but not to exceed the credit balance. True or False True FalseTrue or False, pls explain why 2) Stock splits create more economic value than stock dividends True False
- True or False, pls explain why 7) Earnings per share will decline in a stock repurchase transaction True False6. In computing Earnings per share when there are preference shares, the total net income after tax is reduced by the dividend in arrears of cumulative preference shares. TRUE FALSE 7. Basic earnings per share will serve as a guide to investors as to the attractiveness of ordinary shares as an investment. TRUE FALSE 8. Book value per share is computed by dividing the net assets to the total number of shares outstanding. TRUE FALSEWhich statement regarding treasury stock is false?a. Treasury stock is considered to be issued but notoutstanding.b. Treasury stock has no voting, dividend, or liquidationrights.c. Treasury stock reduces total stockholders’ equity onthe balance sheet.d. None of the above are false.