True or False 1. Book value per share capital is a measurement of the amount of income earned for each share of stock 2. Appropriation of Retained Earnings is necessary if corporation reacquires own share capital 3. A share capital dividend that has been declared but not yet distributed should be reported as a current liability 4. Book value per share is the amount earned for every capital share owned by a shareholder 5. On a Corporation's statement of financial position, ordinary share capital subscribed will appear in shareholders' equity section rather than in asset section 6. A deficit (or debit balance) in Retained Earnings means Retained Earnings appears in the asset section of the statement of financial position 7. Liquidation value of preference share is always equal to par value