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0 [{"id":630163,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:34:07","updated_at":"2018-11-27 21:34:07","questionName":"A declared cash dividend is not a liability because the board of directors can\r\nsimply undeclare the dividend.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"A declared cash dividend is a liability.","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630164,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:34:19","updated_at":"2018-11-27 21:34:19","questionName":"A corporation must pay cash dividends on treasury stock.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"Cash dividends are not declared and paid on treasury stock.","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630160,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:33:23","updated_at":"2018-11-27 21:33:23","questionName":"The current cash position of a corporation is a prime consideration in deciding\r\nwhether a cash dividend should be declared.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630174,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:36:01","updated_at":"2018-11-27 21:36:01","questionName":"The rate of return on common stock equity is computed by dividing sales by\r\naverage common stockholders\u2019 equity.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"The rate of return on common stock equity is comptued by dividing net income less\r\npreferred dividends by average common stockholders\u2019 equity.","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630172,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:35:39","updated_at":"2018-11-27 21:35:39","questionName":"From an accounting standpoint, no entry is recorded for a stock split.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630173,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:35:48","updated_at":"2018-11-27 21:35:48","questionName":"If a stock dividend is large (more than 20-25%), the distribution should be referred\r\nto as a stock split.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630167,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:34:54","updated_at":"2018-11-27 21:34:54","questionName":"Any dividend not based on profits must be a reduction of corporate capital, and to\r\nthat extent, it is a liquidating dividend.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630165,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:34:28","updated_at":"2018-11-27 21:34:28","questionName":"A property dividend is a nonreciprocal transfer of nonmonetary assets between an\r\nenterprise and its owners.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630159,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:33:11","updated_at":"2018-11-27 21:33:11","questionName":"Very few companies pay dividends in amounts equal to their retained earnings\r\nlegally available for dividends.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630161,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:33:34","updated_at":"2018-11-27 21:33:34","questionName":"Any dividend other than a stock dividend reduces the stockholders\u2019 equity in the\r\ncorporation.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630162,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:33:49","updated_at":"2018-11-27 21:33:49","questionName":"All things being equal, growth companies tend to pay larger dividends than wellestablished\r\ncompanies, because growth companies have to provide an extra incentive for\r\npotential investors.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"This statement is generally false. Growth companies need all the capital they can\r\ngenerate either through operations (net income) or outside financing (investors or\r\ncreditors). People investing in such companies generally recognize this fact and hope\r\nthey generate a positive increase in the value of their stock holdings.","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630171,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:35:28","updated_at":"2018-11-27 21:35:28","questionName":"One of the major distinctions between a stock split and a stock dividend is the fact\r\nthat a stock split alters the par or stated value of the stock issue involved, while a stock\r\ndividend does not affect par or stated value.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630168,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:35:03","updated_at":"2018-11-27 21:35:03","questionName":"A stock dividend results in a capitalization of retained earnings with no\r\ncorresponding decrease in total stockholders\u2019 equity.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630169,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:35:18","updated_at":"2018-11-27 21:35:18","questionName":"When a stock dividend is less than 20-25% of the common shares outstanding at\r\nthe time of the dividend declaration, the par value of the stock issued should be transferred\r\nfrom retained earnings.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"When a stock dividend is less than 20-25% of the common shares outstanding at the\r\ntime of the dividend declaration, the fair market value of the stock issued should be\r\ntransferred from retained earnings.","question_score_id":null,"lang":"","questionAudioPath":null},{"id":630166,"quiz_id":"30810","answer_id":null,"answerType_id":"0","created_at":"2018-11-27 21:34:43","updated_at":"2018-11-27 21:34:43","questionName":"The distribution of a nonmonetary asset as an ordinary dividend may be regarded\r\nas equivalent to an exchange with owners and, therefore, recorded at the book value of the\r\nnonmonetary asset distributed.","questionTimeSeconds":"0","questionTimeMinutes":"1","questionImagePath":null,"position":null,"explanation":"A property dividend is a nonreciprocal transfer of nonmonetary assets between an\r\nenterprise and its owners. A transfer of a nonmonetary asset to a stockholder or to\r\nanother entity in a nonreciprocal transfer should be recorded at the fair value of the\r\nasset transferred, and a gain or loss should be recognized on the disposition of the asset.","question_score_id":null,"lang":"","questionAudioPath":null}]
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A declared cash dividend is not a liability because the board of directors can simply undeclare the dividend.

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