1. When there is only common stock, the book value per share is calculated as: a. total assets/total shares outstanding b. total stockholders' equity less dividends in arrears / total shares outstanding c. total stockholders' equity / total shares outstanding d. common stock/total shares outstanding 2. The entry to record the declaration of a dividend for a company that declares a $3 dividend per share on the 3,000 shares is: a. Retained Earnings 9,000 Dividends Payable 9,000 b. Dividends Payable 9,000 Cash 9,000 Cash 9,000 Retained Earnings 9,000 d. Retained Earnings 9,000 Common Stock 9,000 c. 3. The entry to record the payment of a dividend for a company that declares a $3 dividend per share on the 3,000 shares is: a. Retained Earnings 9,000 Dividends Payable 9,000 b. Dividends Payable 9,000 Cash 9,000 Cash 9,000 Retained Earnings 9,000 d. Retained Earnings 9,000 Common Stock 9,000 C