D Question 5 Which of the following statements best describes the term "par value?" O Determined by dividing total stockholder's equity by the number of shares of stock O The number of shares currently in the hands of stockholders O An amount used in determining a corporation's legal capital 1 pts The amount that must be paid to purchase a share of stock D Question 6 Appropriating retained earnings will O have no effect on total stockholders' equity. cause a decrease in stockholders' equity. cause an increase in the dividends payable account. cause an increase in stockholders' equity. 1 pts

Which of the following statements best describes the term "par value?" Determined by dividing total stockholder's equity by the number of shares of stock The number of shares currently in the hands of stockholders An amount used in determining a corporation's legal capital The amount that must be paid to purchase a share of stock Question 6 1 pts Appropriating retained earnings will have no effect on total stockholders' equity. cause a decrease in stockholders' equity. cause an increase in the dividends payable account. cause an increase in stockholders' equity. Question 1 Which of the following first required corporations to file quarterly and annual financial statements that are prepared in accordance with Generally Accepted Accounting Principles? Sarbanes Oxley Act Fair Disclosure Act Securities Act of 1933 Securities Act of 1934