11) The declaration of a stock dividend creates a current liability for the corporation.
12) Common stock dividend distributable is a liability account on the balance sheet.
13) Common stock dividend distributable is an equity account on the balance sheet.
14) A stock split reduces the number of outstanding shares.
15) In a 3 for 1 stock split, the number of shares outstanding triples.
16) A reverse stock split reduces the number of outstanding shares.
17) The declaration of a stock dividend has no effect on Retained earnings.
18) The repurchase of share capital from shareholders reduces total shareholders' equity and increases assets.
19) Treasury shares are classified on the balance sheet as a contra liability.
20) Only outstanding common shares have a vote.
