3.

The par value per share of common stock represents the

a.dollar amount assigned to each share

b.amount of dividends per share to be received each year

c.minimum selling price of the stock established by the articles of incorporation

d.minimum amount the stockholder will receive when the corporation is liquidated

4.The primary purpose of a stock split is to

a.reduce the market price of the stock per share

b.increase paid-in capital

c.increase retained earnings

d.increase the market price of the stock per share

7.A restriction/appropriation of retained earnings

a.increases total retained earnings

b.decreases total assets

c.decreases total retained earnings

d.has no effect on total retained earnings