1. The primary purpose of a stock split is to

a. increase paid-in capital

b. increase retained earnings

c. reduce the market price of the stock

d. increase the market price of the stock

Treasury stock shares are

a. part of the total outstanding shares but not part of the total a. issued shares of a corporation

b. Unissued shares that are held by the treasurer of the corporation

c. Shares held by the country's treasury department

d. Issued shares that have been reacquired by a corporation

All of the following are normally found in a corporation's stockholders' equity section except

a. Paid-In Capital in Excess of Par

b. Common Stock

c. Retained Earnings

d. Dividends in Arrears

Which of the following will not appear in the liabilities section of the corporation?

a. Property dividends payable

b. Cash dividends payable

c. Stock dividends distributable

d. Scrip dividends payable