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suon Completion Status: QUESTION 7 An entry is not made on the A Date of...

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Accounting

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suon Completion Status: QUESTION 7 An entry is not made on the A Date of declaration, B. Date of record, C. Date of payment D. Date or payment and date of declaration QUESTION 8 The board of directors of Capstone Ino declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. What is the entry for the dividend declaration? A 9,000 9,000 9,000 9,000 Retained earnings Dividends payable B Retained earnings Cash C. Retained earnings Dividends payable D Retained earnings Cash 12,000 12,000 12,000 12,000 QUESTION 9 9. What is the effect of a stock split on each of the following? Retained earnings Total Paid-in capital A. no effect increase B. no effect no effect C. increase decrease D. decrease increase . B. D QUESTION 10 The declaration and issuance of a stock dividend on shares of common stock: A. Has effect on assets, liabilities, and the value of total shareholders' equity. B. Decreases total shareholders' equity and increases common stock. C. Does not affect the market price per share. D. Change retained earnings

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