Issued stock is defined as stock that that is held by the corporation is available for sale has been sold to investors has no voting rights Which of the following is true of a stock dividend? It creates a cash reserve for shareholders The decision to issue a stock dividend resides with shareholders It is a liability It does not affect total equity but transfers amounts between equity components The following data was reported by Saturday Corporation: Authorized shares: 30,000 Issued shares: 25,000 Treasury shares: 5,000 How many shares are outstanding? When does a corporation incur a liability for a dividend? Edit View Insert Format Tools Table 12pt Paragraph av T~ : If Norbert Company issues 4,000 shares of $5 par value common stock for $140,000, the account Cash will be debited for $120,000. Paid-in Capital in Excess of Par Value will be credited for $120,000. Paid-in Capital in Excess of Par Value will be credited for $20,000. Common Stock will be credited for $140,000