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Which of the following statements is incorrect with regard to stock dividends? An asset is recorded on the date stock dividends are declared The relative

Which of the following statements is incorrect with regard to stock dividends?

An asset is recorded on the date stock dividends are declared

The relative ownership of individual stockholders does not change

When a stock dividend is declared, the total number of shares outstanding increases

Stock dividends do not result in a cash outflow to shareholders

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