A stock split has the effect on the following accounts: 1. cash 2. Paid In Capital (Stock + PIC in excess of Par) 3. Retained Earnings 4. Shares Outstanding 5. Par Value 1. Decrease 2. No Change 3. Decrease 4. No Change 5. No Change 1. No Change 2. No Change 3. No Change 4. Increase 5. Decrease 1. No Change 2. Increase 3. Decrease 4. Increase 5. No Change 1. Decrease 2. Decrease 3. Decrease 4. Increase 5. Increase A stock dividend has the effect on the following accounts: 1. cash 2. Paid In Capital (Stock + PIC in excess of Par) 3. Retained Earnings 4. Shares Outstanding 5. Par Value 1. No Change 2. Increase 3. Decrease 4. Increase 5. No Change 1. Decrease 2. Decrease 3. Decrease 4. Increase 5. Increase 1. Decrease 2. No Change 3. Decrease 4. No Change 5. No Change 1. No Change 2. No Change 3. No Change 4. Increase 5. Decrease A cash dividend has the effect on the following accounts: 1. cash 2. Paid In Capital (Stock + PIC in excess of Par) 3. Retained Earnings 4. Shares Outstanding 5. Par Value 1. Decrease 2. No Change 3. Decrease 4. No Change 5. No Change 1. No Change 2. No Change 3. No Change 4. Increase 5. Decrease 1. Decrease 2. Decrease 3. Decrease 4. Increase 5. Increase 1. No Change 2. Increase 3. Decrease 4. Increase 5. No Change The formula for the dividend on a share of preferred stock is Par Value * Number of Shares Outstanding Dividend Declared * Number of Shares Outstanding Par Value * Dividend Rate Preferred Stock * Number of Shares Outstanding If a corporation has 6%, $50 par value preferred stock, then each share of preferred stock will receive a dividend if sufficient dividends are declared. $50 $3 $30 $6 If dividends in arrears and current-year dividends must be paid to the preferred shareholders before common shareholders get a dividend, the preferred stock must be cumulative convertible secured a liability The journal entry for dividends on the declaration date includes a debit to dividends payable and a credit to dividends. debit to dividends and a credit to cash. debit to cash and a credit to dividends payable. no journal entry required debit to dividends and a credit to dividends payable. The journal entry for dividends on the record date includes a debit to cash and a credit to dividends payable. No journal entry required. debit to dividends payable and a credit to dividends. debit to dividends and a credit to cash. debit to dividends and a credit to dividends payable. The journal entry for dividends on the payment date includes a No journal entry required. debit to dividends and a credit to cash. debit to dividends payable and a credit to dividends. debit to dividend payable and a credit to cash debit to cash and a credit to dividends payable