1)Which one of the following statements is incorrect? Select one:

a.The date of record is irrelevant with respect to recording a liability for a cash dividend.

b.The dividend liability for a cash dividend is created on the recording date.

c.The declaration of a cash dividend creates a liability.

d.The dividend payment date is when the dividend liability is reduced.

2)Eagle Company has working capital of $40,000 and gross current labilities of $100000. What is the current ratio?

Select one:

a.is 1.40

b.is 1.30

c.cannot be determined from this information.

d.Is 0.40

3)Assume the following cost of goods sold data for a company:

2020 $1,704,000

2019 $1,400,000

2018 $1,200,000

If 2018 is the base year, what is the Percentage increase in the cost of goods sold from 2018 to 20197

Select one:

a.117%

b.85.7%

c.42%

d.70.4%

4)The effect of a stock dividend is to

Select one

a.decrease gross assets and total liabilities.

b.increase the book value per share of common stock |

c.none of these answer choices are correct.

d.reduce gross assets and stockholders' equity.