$10.$ Cash dividends are paid on the basis of the number of shares

A$.$Authorized

B$.$Issued

C$.$Outstanding

D$.$Outstanding less the number of treasury shares

E$.$Issued less the number of shares unissued

$11.$ ZZZ Co$.$ issued a $100\%$ stock dividend of its common stock which had a par value of $$10.$ At what amount should retained earnings be reduced for the additional shares issued?

A$.$Retained earnings are not affected

B$.$Par value

C$.$Fair value on the declaration date

D$.$Fair value on the payment date

E$.$ Fair value on the record date