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A corporation had 200,000 shares of common stock outstanding before a stock split occurred, and 400,000 shares outstanding after the stock split. The stock split was: 1-for-2 O2-for-1 5-for-1 O 1-for-1 None of the above Max Corporation issues 15,000 shares of 10%, $120 par value, cumulative preferred stock. Total amount of dividend paid to preferred stockholders was $720,000. How many years are dividends in arrears?" O 1 year O 2 years 3 years 4 years O None of the above Fruity Inc. has 90,000 shares of $13 par value common stock outstanding. On January 1, 2022 the corporation's board of directors declared a small stock dividend to be issued on March 1, 2022. On the declaration date the fair market value of Fruity Inc.'s common stock is $16. The journal entry to record the declaration of the stock dividend included debit Stock Dividend for $72,000. Percentage of stock dividend is: * 80% 06.15% 5% 1.25% None of the above Shares repurchased from the stock market are recorded as outstanding shares." True False A partnership is not a separate legal entity from its owners. * True False A stock dividend increases the number of shares outstanding. True False Stockholders have limited liability True Stockholders have limited liability. * True False Income and loss are always equally distributed between partners. * True False

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