17) Reasons that a company would purchase treasury stock include all of the following EXCEPT: A) management wants to avoid a takeover by an outside party. B) it needs the stock for distribution to employees under stock purchase plans. C) it wants to increase stockholders' equity by buying its stock low and reselling it later at a higher price. D) management wants to decrease earnings per share 18) On December 31, 2019, Pilozzi Company has the following information available: Common Stock Additional Paid-in Capital Retained Earnings Cash Investment in XYZ Corp. stock $5 million S4 million $7 million $7 million $50,000 On December 31, 2019, can the Board of Directors declare a cash dividend of $8 million? A) Yes, if they can borrow some money, or liquidate some assets. B) No, the cash balance is below $8 million. C) No, Retained Earnings is below $8 million. D) No, Cash and Retained Earnings are both below $8 million