On the payment date for a dividend, the company: A. debits Dividends Declared and credits Dividends Payable for the amount of the dividend. B.debits Dividend Expense and credits Cash for the dividend amount. C.debits Dividends Payable and credits Cash for the dividend amount. D. establishes who will receive the dividend payment. A stock dividend: A. is accounted for like a stock split. B. will reduce stockholders' equity like a cash dividend does. C, will not change any of the accounts within stockholders' equity. D, will reduce retained earnings like a cash dividend does. Preferred stock is generally classified as stockholders' equity under both GAAP and IFRS. *True or False The par value of stock indicates what the stock is worth. *True or False A company that pays no dividends is always a poor investment. True or False * When a company reissues shares of its treasury stock, it must report a gain or a loss on the sale. True or False* A stock dividend decreases the market price of the company's stock. True or false* Which of the following statements regarding business forms is true? A.A sole proprietorship is an unincorporated business owned by one person. B.All partnerships are owned by two people. C.A corporation is not a legal entity. D.An LLC (limited liability company) has the same tax treatment as a corporation. Which of the following statements regarding repurchased stock is true? A.It is generally less costly for a company to give employees repurchased shares than to issue new shares. B.When a company records a stock repurchase, it is tracking a stockholder's sale of stock to another investor. C.Treasury stock is reported on the balance sheet as an asset. D.Treasury stock is repurchased stock that has been authorized but is not issued. Treasury stock: does not appear on the balance sheet. is a contra-equity account. is an asset account. is recorded as additional paid-in capital. On the payment date for a dividend, the company: A.debits Dividends Declared and credits Dividends Payable for the amount of the dividend. B.debits Dividend Expense and credits Cash for the dividend amount. C.debits Dividends Payable and credits Cash for the dividend amount. D.establishes who will receive the dividend payment.