The dividends is always declared on

a) none of those options

b) Issue price of the shares

c) Par value of the shares

d) Latest market value of the shares

If Treasury stock Is purchased:

a) Shareholders equity will increase

b) Shareholders equity will decrease

c) Assets will increase

d) There will be no effect on shareholders equity

Which of the following item must appear first in shareholders equity section

a) Paid in capital in excess of par, Preferred stock

b) Issued common stock

c) Authorized Preferred stock

d) Authorized common stock