Question Details

Cash dividends are not a liability of the corporation 


true or false:
1.	Dividends may be declared and paid in cash or stock.

	2.	Cash dividends are not a liability of the corporation until they are declared by the board of directors.

	3.	The amount of a cash dividend liability is recorded on the date of record because it is on that date that the persons or entities who will receive the dividend are identified.

	4.	A 10% stock dividend will increase the number of shares outstanding but the par value per share will stay the same.

	5.	A 3-for-1 common stock split will increase total stockholders' equity but reduce the par or stated value per share of common stock.




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