Which of the following statements is true? O When a corporation buys treasury stock, it acquires an asset which may be a trading security or an available for sale security, but not a held to maturity security. A stock split reduces retained earnings by an amount equal to the par value of the new shares. The declaration of a three-for-one stock split triples total contributed capital. O The date of record for dividends is the date the liability is incurred. The purchase of treasury stock is recorded in an stockholders equity account at an amount equal to the cost of the shares