79. Corporations may choose to distribute stock dividends in order to:

a. increase retained earnings

b. increase the market price per share of its stock.

c. reduce the market price per share of its stock.

d. decrease the amount of stockholders' equity in the corporation.

84. When preparing the financial statements, why is the income statement prepared first?

a. The income statement is used to prepare the balance sheet.

b. Net income or net loss from the income statement is used for the Statement of Retained Earnings.

c. The income statement is the most important statement to investors and creditors.

d. The income statement is the easiest statement to prepare.

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