CH14 EX - ACCT_108 Which of the following is a true...

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ACCT_108 Which of the following is a true statement regarding stock dividends? o A large stock dividend is a dividend of 25% or more of issued stock. Which of the following is a true statement regarding small stock dividends? o A small stock dividend does not change per share par value, but total par value increases. Which of the following is a true statement regarding stock splits? o A stock split causes per share par value to decrease, but total par value does not change. Which of the following is a true statement regarding a corporation’s purchase of treasury stock. o A treasury stock account is a contra equity account. Which of the following is a true statement regarding treasury stock? o A sale of treasury stock for a price lower than the purchase price results in a decrease in paid in capital from treasury stock transactions, then a decrease in retained earnings. Which of the following is a true statement regarding comprehensive income?
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This note was uploaded on 11/18/2010 for the course BUS ADM 108 taught by Professor Jack during the Fall '10 term at Ohio State.

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CH14 EX - ACCT_108 Which of the following is a true...

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