Which of the following statements concerning stock dividends is correct? Multiple Choice The declaration of a stock dividend should not be recorded as a liability even though it has not yet been issued. O The issuance of a stock dividend increases total stockholders' equity. Oo oo Courts generally have held that stock dividends, once declared, are irrevocable by the board of directors, therefore, a stock dividend declared, but not yet issued is o liability Astock dividend cannot use treasury stock