16

1. A payment of either cash or stock out of a corporation's earnings to a firm's owners is called a(n):

normal distribution.

retained distribution.

operating distribution.

dividend

.repurchase.

5 points

QUESTION 17

1. A stock repurchase:

increases the number of shares outstanding

.increases the earnings per share.

increases the market price per share

.does not affect the cash account

.does not affect the book value of equity.