Exam 11: Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings

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A 10% stock dividend will increase the number of shares outstanding but the book value per share will decrease.

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The par value of common stock must always be equal to its market value on the date the stock is issued.

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Treasury stock is a contra stockholders' equity account.

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Each of the following is correct regarding treasury stock except that it has been

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