Hi Ma'am/Sir! Can someone help me to answer this multiple choice questions? I need an explanation on every question. Thank you!

PROBLEM 5: MULTIPLE CHOICE - THEORY 1. Dividends declared on redeemable preference shares are recognized a. by a debit to retained earnings b. by a credit to retained earnings c. in profit or loss d. in other comprehensive income 2. A corporation incurs an obligation for dividends a. only when it dividends are declared. b. when dividends have not been declared for a very long period of time, as determined under the Corporation Code. c. only when it declares cash dividends, but not other types of dividends. d. a and b 3. According to the PFRSs, the date of declaration of a dividend isholders' Equity (Part 2) 617 d the date the dividends are declared by management the date the dividends declared by management is approved by a relevant authority c. the earlier of a and b d. a orb Share dividends distributable (stock dividends payable) is included in the statement of financial position a. as a current liability b. as a noncurrent liability c. as an adjunct account to share capital d. as a contra-account to share capital 5. When an entity declares dividends, a. only the outstanding shares are entitled to the dividends. b. only the issued shares are entitled to the dividends. c. both the issued and outstanding shares, including reacquired shares, are entitled to the dividends. d. only the outstanding ordinary shares are entitled to the dividends. 6. Which of the following shares may not be entitled to any dividends? a. subscribed shares c. preference shares b. outstanding shares d. treasury shares . A company declared a cash dividend on its common stock on December 15, 20x8, payable on January 12, 20x9. How would this dividend affect stockholders' equity on the following dates? Dec. 31, 20x8 Jan. 12, 20x9 Dec. 15, 20x8 No effect Decrease a. Decrease No effect No effect b. Decrease Decrease No effect C. No effect No effect Decrease d. No effect (AICPA)618 Chapter 11 8. How would the declaration of a 15% stock dividend by a corporation affect each of the following? Retained earnings Total stockholders' equity a. No effect No effect b. No effect Decrease C. Decrease No effect d. Decrease Decrease (AICPA) 9. Property dividends payable is measured at a. fair value on initial recognition and in subsequent periods b. fair value only on initial recognition c. cost d. the lower of fair value less costs to distribute and carrying amount 10. Subsequent to initial recognition, changes in the fair value of property dividends payable are a, ignored b. recognized in profit or loss c. recognized directly in retained earnings d. recognized but subject to a limit