QUESTION 18 Outstanding shares of stock are a. authorized shares that have not yet been issued b. shares of stock that have been sold OC. shares of stock owned by the corporation d.shares of stock that have been sold and are still in circulation QUESTION 19 How do stock splits and stock dividends differ? a. all are correct b. a stock dividend requires a journal entry but a stock split is only a memo entry c. a stock split decreases par value but a stock dividend does not d. a stock dividend reduces retained earnings but a stock split does not QUESTION 20 When a corporation purchases its own stock in the market, they are called a. common stock b. retained stock c. treasury stock d. preferred stock QUESTION 21 What percentage of ownership is considered influential but not controlling? a. when ownership is between 20 - 50% b.when ownership is 50% d. when ownership is