a. is sometimes required by law. b. reflects the most recent market price. c. is selected by the SEC 7. The par value of a stock the stock. is indicative of the worth of a. a dividend becomes a current obligation. b. no entry is required. c. an entry may be required if it is a stock dividend. d. Dividends Payable is debited. 8. On the dividend record date, 9. Dividends Payable is classified as a - long-term iability b contra stockholders' equity account to Retained Earmings. c current liability d. stockholders' equity account. 10. A stock split a. will decrease the total par value of the stock. b. will decrease total paid-in capital. c will increase the total par valuc of the stock. d. will have no effect on the par value per share of stock. 11. The stated igtcrest rate is always listed as a(a) monthly ratc. daily rate. semiannual rate. annual rate. d. 12. A commitments of the issuing company is called which summarizes the rights and privileges of bondholders as well as the obligat a. a bond indenture. b. a bond debenture. trading on the equity. a term bond. 13. Unsecured bonds are called a. callable bonds. -b. debenture bonds. mortgage bonds. sinking fund bonds. d