9, Dividends in arrears are dividends on A) cumulative preferred stock that have been declared but have not been paid. B) preferred stock that have not been declared for a given period of time C) cumulative preferred stock that have not been declared for a given period of time D) dividends that have been declared but have not yet been paid. 10. on January 1, McCarver Corporation had 800,000 shares of value common stock outstanding. On March 31 the company declared a 10% stock dividend. Market value of the stock was $15/share. As a result of this event, $400,000. A) McCarver's Paid-in Capital in Excess of Par Value account increased B) total stockholders' equity was unaffected. C) McCarver's Stock Dividends account increased $1,200,000. D) All of these answer choices are correct. 11. An expense A) decreases assets and liabilities. B) decreases stockholders' equity. C) leaves stockholders' equity unchanged. D) is basically the same as a liability. 12. In the credit terms of 1/10, n/30, the "1" represents the A) number of days in the discount period. full amount of the invoice. is due. C) number of days when the entire amount D) percent of the cash discount