For multiple-choice and true/false questions, simply press or click on what you think is the correct answer. For fill-in-the-blank questions press or click on the blank space provided.
If you have difficulty answering the following questions, learn more about this topic by reading our Stockholders' Equity (Explanation).
Dividends appear as an expense on the corporation's income statement.
If the board of directors does not declare the regular quarterly divided on its common stock, the corporation's liabilities will include the omitted dividend.
Treasury stock sales can result in a loss on the corporation's income statement.
More ways to study this topic:
Learn Accounting: Gain unlimited access to our seminar videos, flashcards, visual tutorials, exams, business forms, and more when you upgrade to PRO.