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- Which of the following is true of a stock dividend? A. It is a liability. B. The decision to issue a stock dividend resides with shareholders. C. It does not affect total equity but transfers amounts between equity components. D. It creates a cash reserve for shareholders.1. Statement 1: A split up increases the number of shares held and decreases the cost per share. Statement 2: A stock dividend is recorded as a credit to dividend income. a. Only statement 1 is true b. Only statement 2 is true c. Both statements are true d. Both statements are falseAnswer the following as True or False, and then select the correct multiple choice answer: _________Declaring and paying a stock dividend decreases both Retained Earnings and Stockholders' Equity in total on the balance sheet ________Stock splits have no impact on Stockholders' Equity, but do change the par value of the stock. _______ Treasury Stock is considered a contra-equity account and therefore decreases the company's total Stockholders' Equity balance.
- Which statement is false? - stock dividend increases the amount of paid in capital -Stock splits cause no change in the amount of the stockholder's equity - stock splits increase the number of shares -stock dividend increases total stockholders equityA 2-for-1 stock split is declared. In this case, which of the following statements is true? A. The retained earnings fall. B. The common stock account rises. C. The cash account declines. D. The par value of the common stock is reduced.Which 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 shareholders
- What is the effect of purchasing treasury stock on a company’s earnings per share and return on equity, respectively? (Enter 1, 2, 3, or 4 that represents the correct answer.) No effect and no effect Decrease and decrease Increase and increase Increase and decreaseHow 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 effectAll of the following are correct regarding stock dividends except: 1) total stockholders’ equity is the same before and after the stock dividend. 2) they usually result in a decrease in the stock price. 3) they are not taxable to the issuing corporation or the shareholders. 4) they result in a real economic gain in cash to the shareholders.
- 6. 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 of the following is the reason that preferred dividends declared during the period are deducted from net income in calculating return on common stockholders’ equity? a. Preferred dividends are not paid from net income. b. Preferred dividends are not a part of stockholders’ equity. c. Preferred dividends are not paid until all common stockholders have received their dividends, so preferred dividends are not relevant in the formula and so must be taken out of the equation. d. Preferred dividends will reduce the amount of income available for distribution to common stockholders.Flexsteel is giving out a large stock dividend. This would: A. Results in a transfer of retained earnings to the common stock account B. Reduces the par value per share by the percentage of the additional shares issued. C. Is accounted for in exactly the same manner as a stock split D. Results in a transfer of retained earnings to common stock and additional paid in capital
