1)The par value of stock indicates what the stock is worth. T/F

2) Treasury stock is a corporation's own stock that has been issued and subsequently repurchased by the corporation. T/F

3) When a company reissues (or sells) shares of its treasury stock at an amount different than its cost, it reports a gain or a loss on the sale. T/F

4) A corporation has a legal obligation to pay dividends. T/F

5) A liability for dividends is recorded on the declaration date. T/F

6) A stock split increases total stockholders' equity. T/F

7) Earnings per share (EPS) reports how much revenue is earned for each share of common stock outstanding. T/F

8) The price-earnings ratio reveals information about the stock market's expectations for a company's future growth in earnings. T/F