Question 61 1 pts Stock dividends differ from cash dividends in that stock dividend - O Do not increase the legal capital O Require the approval of both the board of directors and the stockholders O Involve disbursement of corporate funds O Can be given to delinquent stockholders Question 62 1 pts Fidel Matapat is a Director in Fidelity Inc. engaged in the manufacture of rubber and plastic materials. By virtue of his office, he then entered into a joint venture with his friend Asiong Dimaasahan to sell home decors made out of rubber and plastics and in the process obtained profits to the prejudice of Fidelity Inc. In this regard, which of the following statements is correct? O Fidel must account all profits earned and must refund the same to Fidelity Inc. unless his act has been ratified by a vote of the stockholders owning or representing at least at least two-thirds (2/3) of the outstanding capital stock. O Fidel has every right to pursue any other business provided it is lawful O Fidel is not liable to the corporation provided he risked his own funds in the venture O Fidel must account all profits earned and must refund the same to Fidelity Inc. unless his act has been approved by majority of the BOD and ratified by a vote of the stockholders owning or representing at least majority of the outstanding capital stock