The legality of distributions to stockholders is governed by federal law TRUE/FALSE 1. With a stock dividend, total market value considering all outstanding shares should decline. 2. A stock split merely increases the number of shares of stock; it usually does not change retained earnings or paid-in capital. 3. The legality of distributions to stockholders is governed by federal law. 4. Accountants have not accepted the role of disclosing the firmâ€™s capacity to make distributions to stockholders. 5. Comprehensive income is net income plus the periods change in accumulated other comprehensive income. Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help
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