1. The impact of a entry to record dividends paid out is -

Debit - Dividend expense

Credit - Cash

True or False?

2. The ownership of intangible, non-recorded assets on a Balance Sheet may be one factor as to why market value per share will be higher than book value per share. True or False?

3. GBC Corp issues $1 par value shares- 1000 shares for 200 per share. Thus, the Corp receives $200,000.

Entry to record-

Dr Account Receivable 200,000

Cr Common stock at par 1,000

Cr Additional Paid in Capital 199,000

True or False?

4. Restricted stock awards to employees - which will not vest until the expiration of three years - are expensed entirely in the year that the restriction lapses and the stock vests (is owned by) the employee. True or False?

5. The term "Retained earnings" is often analogous with the term "Contributed Capital." True or False?