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true or false 11. The divisor in computing the earnings per share...

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Accounting

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11. The divisor in computing the earnings per share is total issued shares. 12. Cumulative preference shares are entitled to dividends in arrears. 13. The Board of Trustees is the highest governing body in a stock corporation 14. Total shareholders' equity remains the same before and after the declaration of share dividend. 15. Declaration of cash dividend increases total liabilities. 16. Subscribed shares or partially paid shares are entitled to dividends. 17. Total outstanding shares is increased by the number of reacquired shares. 18. In sale of treasury shares, the Retained Earnings account never increases but may decrease when there is no balance of the Share Premium - Treasury Share account and the selling price of the treasury shares sold is lower than the cost. 19. Acquisition by the corporation of its previously issued shares reduces total outstanding shares. 20. A corporation has limited life but its shareholders have unlimited liability

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