St. John's University ACC MISC TRUE 1. Share dividends increase the proportionate interests of the shareholdeFALSE 2. For most companies, the amount and timing of dividend declarations aFALSE 3. Retained earnings consists of a pool of funds to be distributed to shareTRUE 4. A liquidating dividend is usually paid when a corporation is going out oTRUE 5. Dividends are contractual obligations of the corporation is going out ofTRUE 6. In case of liquidation, the claims of the preference shareholders are givFALSE 7. Retained earnings represent cash readily available for dividends. TRUE 8. Dividends in arrears refer to passed preference dividends which must bTRUE 9. In most cases, corporations pay out dividends equal to profit unless speTRUE 10. The date on a statement of changes in shareholder's equity is for a peFALSE 11. Cash dividends are declared by the board of directors with the concurFALSE
