Accounting Ch. 11 T/F
T
The total amount of a stock dividend is calculated using the number of shares issued multiplied by the par or stated value of the stock
F
The total amount of dividends to be paid are allocated first too common stock,then to preferred stock
T
Treasury stock is not an asset of the corporation
F
A buyback often occurs when a corporation believes that its stock is overvalued by the stock market
T
A corporation has no obligation to distribute retained earnings to stockholders until the board of directors has declared a dividend
T
A dividend is normally paid several weeks after the date of record
F
A stock dividend typically results in an increase in the market price per share
T
Dividend Revenue is classified as other revenue on the income statement
T
Marketable securities are an asset of the corporation
T
No journal entry is recorded on the date of record
