Question 22 1 pts Liquidating dividends are similar to stock dividends because they both reduce Retained Earnings O True O False Question 23 1 pts You may use either the cost method or the market value method to account for the exercise of convertible preferred stock O True O False Question 24 1 pts Writing off an uncollectible account against the allowance would have no effect on the amount of cash collected from customers. O True O O O False