Accounting true or false please help?

1.Dividends may be declared and paid in cash or shares. _________ 2.A 3-for-1 common share split will increase total shareholders' equity. _________ 3.Intraperiod tax allocation relates to the allocation of income taxes between accounting periods. _________ 4.Comprehensive income includes all increases and decreases in shareholders’ equity during a year including changes related to the payment of dividends. _________ 5.Prior period adjustments to income are reported in the current year's income statement. _________ 6.A change in accounting policy is reported net of applicable taxes, as an adjustment to the opening balance of retained earnings. _________ 7.Common Stock Dividends Distributable is shown within the Contributed Capital subdivision of the shareholders' equity section of the balance sheet. _________ 8.The statement of retained earnings shows each shareholder’s equity account and total shareholders' equity at year end. _________ 9.There may be more than one earnings per share figure on the income statement. _________ 10.Diluted earnings per share presents hypothetical earnings per share as though all dilutive securities are converted to common shares. _________

5 months ago - 1 answers