true or false

(9 of 50) When a corporation sells treasury stock at an amount higher than its cost, a gain is recorded on the Income Statement (10 of 50) Only outstanding shares receive dividends. (11 of 50) Stock dividends may cause the market price per share of stock to increase. (12 of 50) Companies owning less than 50% of the outstanding common stock in a subsidiary prepare consolidated financial statements. (13 of 50) Earnings per share is calculated by dividing net income less preferred dividends by the weighted average number of common shares outstanding (14 of 50) Dividends paid to common shares have no impact on the calculation of earnings per share. (15 of 50) Earnings per share indicates the net income earned for each share of common and preferred stock