1. The category of equity that tracks the events relating to stockholder transactions is known as:

a) Retained Earnings

b) Treasury Stock

c) Awesome Category

d) Paid-In Capital

2. Filch & Norris Company have 100,000 shares authorized with 35,000 shares issued and 25,000 shares outstanding. On December 1, the company declares a $2 per share cash dividend to shareholders as of December 16 to be paid out on December 31. The date of record would be:

a) December 1

b) December 16

c) December 31

d) December 32