11. There are two types of dividends that a corporation may declare. What are they?

12. There are three dividend dates for dividends. Name each date and describe what happens.

13. On a small stock dividend declaration, should we debit Stock Dividends for the par value of the shares, or the market value of the shares to be distributed?

14. Does a stock dividend have any effect on the assets or liabilities of the corporation?

15. What is treasury stock? Why would a corporation purchase its own stock?

16. The Boeing Company purchases its own shares for $100, and later sells those shares for $125 per share. Would the effect of this transaction be considered additional net income for the Boeing Company?

17. What is a prior period adjustment?

18. Does a stock split change any balance in the ledger? If not, why would a corporation execute a split?

19. What is the basic formula to calculate earnings per share (EPS), assuming no preferred stock?

20. If a corporation has preferred stock outstanding, what is the formula for EPS?

21. A corporation is required to publish its EPS. On which statement will the EPS be found?