13. What effect will the acquisition of treasury stock have on stockholders' equity and earnings per share, respectively? Decrease and no effect. Increase and no effect. a. b. C. Decrease and increase. d. Increase and decrease. 14. The personal liability of common stockholders is: greater than the par value of all stock issued if the stock was issued above par. limited to their investment (ie, what they paid for their stock). a. similar to the liability of the owners of a partnership. b. similar to the liability of the owners of a sole proprietorship. C. d. 15. At the date of the financial statements, common stock shares issued would exceed common stock shares outstanding as a result of the: declaration of a stock split. declaration of a stock dividend. a. b. c. purchase of treasury stock. d. payment in full of subscribed stock. 16. 17. 18. Cash dividends are paid on the basis of the number of shares. authorized. issued. outstanding. a. b. C. d. in the treasury. A dividend which returns to stockholders a portion of their original investment and does not come from Retained Earnings is. a. a liquidating dividend. b. a property dividend. C. a liability dividend. d. a participating dividend. A property dividend should be recorded in retained earnings at the property's a. b. C. d. Book value at date of declaration. Market value at date of declaration. Book value at date of issuance (payment). Market value at date of issuance (payment)