I need you to explain to me why the right answer(circled in red) is the right answer for each question wrong.

14. The following categories normally appear as part of Stockholders' Equity in the Balance Sheet, except for: a Capital stock. b. APIC. c. Dividends. d. Retained earnings. 15. Stock issued by a corporation typically has certain rights and privileges that can only be restricted by special contracts at the time the shares are issued. In the absence of restrictive provisions, each share carries all of the following rights except: (a. Sharing proportionately in any new issue of bonds by the corporation. (b.) Sharing proportionately in corporate assets upon liquidation. c. Sharing proportionately in profits and losses. d. Sharing proportionately in management of the corporation. 16. On September 1, 2022, Westin Company reacquired 7,000 shares of its $20 par value common stock for $25 per share. Westin uses the cost method to account for treasury stock. What is the jourmal entry Westin should make to record the acquisition of treasury stock? Yr. All of the following statements are true regarding Dividends, except for: a. Dividends are closed to retained earnings at the end of an accounting period. b. The SEC encourages companies to disclose their dividend policy in their annual report. C. The accounting for a cash dividend requires information conceming only the date of declaration and date of record. d. Any dividend not based on profits must be a reduction of corporate capital, and to that extent, it is a liquidating dividend