Examlex
Which of the following statements is false?
Retained Earnings
Profits that a company retains for reinvestment rather than distributing to shareholders as dividends.
Dividends Payable
A liability account on a company’s balance sheet indicating the amount owed to shareholders in the form of dividends to be paid out.
Stock Split
A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which may lower the share price.
Par Value
The nominal or face value of a stock or bond, as stated in the corporate charter or on the certificate.
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