Dividends in arrears are: disclosed in the notes only recognized as current liabilities recognized as long-term liabilities recognized as contra equity Par value treasury stock is resold for an amount in excess of its purchase prize. This will result in an increase in contributed capital an increase in retained earnings a decrease in total shareholders equity a decrease in retained earnings an increase in common stock When a property dividend is declared and the book value of the property exceeds its market value, the dividend is recorded at the Market value of the property at the date of distribution. Book value of the property at the date of declaration. Book value of the property at the date of distribution if it still exceeds the market value of the property at the date of declaration. Market value of the property at the date of declaration. Weich Corp has 1, 200, 000 shares of common stock authorized and 600, 000 shares outstanding. On June 1, Weich Corp. declared a 15% stock dividend; on that date, the market value of the stock was $11.5 per share and the par value was $5 per share. What is the effect on retained earnings? debit 1,035,000 debit 900, 000 debit 450, 000 debit 2,070, 000 debit 1,800, 000 Below are listed several items that may (or may not) affect the Shareholders' Equity Section, or sub-sections. Use the following identifying letters: A = Increase in Total Shareholders' Equity B = Decrease in Total Shareholders' Equity C = increase in Contributed Capital, and decrease in Retained Earnings D = No change in either total Shareholders' equity, nor in any of the individual shareholders equity accounts