20) On the date of record of dividends, the company A) determines who owns the shares of stock as of that date. B) records the dividend payable amount. C) disburses dividend payments to shareholders. D) issues new shares of stock. 20) 21) Which of the following occurs when a corporation distributes a stock dividend? A) Total liabilities increase. B) Total assets decrease. C) Total stockholders' equity increases. D) Total stockholders' equity remains unchanged. 22) Which of the following is a reason for a company to announce a stock split? A) to reduce the market price at which the stock is trading B) to provide the shareholders with something of value, when the company cannot afford a cash dividend C) to double the par value of the share D) to defend against a hostile takeover 23) 23) Which of the following occurs when the board of directors declares a 3-for-1 stock split on 10,000 outstanding shares of $15 par common stock? A) The par value of the stock remains the same. B) The number of outstanding shares remains at 10,000. C) The number of outstanding shares increases to 30,000. D) The par value of the stock increases to $30 per share