31.A stock dividend does not affect the total amount : 1826917
31.A stock dividend does not affect the total amount of stockholders’ equity.
32.A stock split results in a transfer at market value from retained earnings to paid-in capital.
33.A 3-for-1 common stock split will increase total stockholders’ equity but reduce the par or stated value per share of common stock.
34.Retained earnings represents the amount of cash available for dividends.
35.Dividends in arrears are liabilities of the corporation.
36.Net income of a corporation should be closed to retained earnings and net losses should be closed to paid-in capital accounts.
37.A debit balance in the Retained Earnings account is identified as a deficit.
38.Retained earnings that are restricted are unavailable for dividends.
39.Restricted retained earnings are available for preferred stock dividends but unavailable for common stock dividends.
40.A detailed stockholders’ equity section in the balance sheet will list the names of individuals who are eligible to receive dividends on the date of record.