22. A company declared a S0. 50 per share cash dividend. The company has 20,000 hares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is: Retained Earnings A Common Dividends Payable Common Dividends Payable 4,000 B, L-cash 4,000 Retained Earnings 4,500 Common Dividends Payable Common Dividends Payable C. 4,500 4,500 D. Cash 4,500 Retained Earnings 5,000 ECommon Dividends Payable5,000 23. The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid obtain a charter, are called: A. Minimum legal capital B. Stock subscriptions C. Organization costs D. Cumulative costs E. Prepaid fees 24. The total amount of stock that a corporation's charter allows it to issue is referred to as: A. Issued stock B. Outstanding stock C. Common stock D. Preferred stock E. Authorized stock 25. Par value of a stock refers to the: A. Issue price of the stock. B. Value assigned to a share of stock by the corporate charter. C. Market value of the stock on the date of the financial statements. D. Maximum selling price of the stock. R Dividend valne of the etael