33. Which of the following is not true about a 2-for-1 stock split? A. Total stockholders' equity stays the same. B. Par value per share is reduced to half of what it was before the split. C. A stockholder with 100 shares before the split owns 200 shares after the split. D. The market price probably will decrease. E. Total contributed capital increases. 34. A corporation has 40,000 shares of ss par value common stock outstanding. On October 17, the company declaresa10% stock dividend. The market value ofthe stock was $14 per share. The journal entry the stock dividend includes a: A. credit to Retained Earnings for $56,000. B. credit to Common Stock for $20,000. C. credit to Common Stock for $56,000. D. debit to Retained Earnings for $20,000. to record 35. A corporation had S0,000 shares of $20 par value common stock outstanding. The board of directors declared and issued a 50% stock dividend. The market value of the stock was $27 per share. The journal entry to record this stock dividend includes a: A. debit to Retained Earnings of $675,000. B. credit to Common Stock of $675,000. C. debit to Retained Earnings of S500,000. D. credit Additional Paid-in Capital for $175,000. 36. On January 1, 2016 Jasper Company had Retained Earnings of $1,720,000. During the year, Jasper had the following transactions: Declared a 15% stock dividend of$365,000 Declared a cash dividend of $120,000 - -Declared 60% stock dividend of$186,000 for-1 stock split: 25,000 shares were issued when the value of the stock was $12 per share. Earned net income of $820,000 - What is Jasper's ending Retained Earnings balance? A. $1,869,000 B. $2,420,000 C. $2,055,000 D. $1,569,000 E. $1,619,000