26. Which is FALSE about stock shares:

A. Authorized stock is the number of shares that have been sold to investors.

B. Outstanding stock is the number of shares held by investors.

C. Unissued shares are shares that have never been sold to investors.

D. Treasury stock is the company's own shares of stock the company purchased from stockholders.

27. Treasury stock:

A. Is still issued

B. Receives dividends

C. Has voting rights

D. Is still outstanding

28. Treasury stock, when purchased causes:

A. Retained earnings to decrease.

B. Common stock to decrease.

C. Stockholders' Equity to decrease

D. Additional paid in capital to decrease.

29. When treasury stock is sold for less than cost it causes:

A. Cash to decrease.

B. Common stock to decrease.

C. Stockholders' Equity to increase.

D. Net income to increase.

32.The similarity between a stock dividend and a stock split is they:

A. Both are dividends.

B. Both increase the number of shares outstanding.

C. Both cause stockholders' equity to decrease.

D. Both cause par value to decrease.