A share dividend $(1$ Point$)$Is a distribution of additional shares to its shareholders without receiving any payment.Transfers a portion of equity from retained earnings to contributed capital.Is often referred to as a stock dividend.Does not reduce a corporation's assets and equity.All of the above. $2.$There is no journal entry required for share split. $(1$ Point$)$TrueFalse $3.$Best Garbage Inc. originally issued its shares at an average price of $$12.$ On January $1,$ the company purchased and retired $2,000$ of its shares at the same price for which they were issued. What should be the entry on January $1?(1$ Point$)$Dr Cash $$24,000$ Cr Common Shares $$24,000$ Dr Common Shares $$24,000$ Cr Cash $$24,000$ Dr Common Shares Redemption $$24,000$ Cr Cash $$24,000$Dr Cash $$24,000$ Cr Common Shares Redemption $$24,0004.$Following Question $7,$ on February $12,$ Best Garbage Inc. retires another $6,500$ common shares, paying $$14,$ What should be the entry related to the retained earnings? $(1\mathrm{.}5$ Points$)$Cr Retained Earnings $$1,000$ None of the above. Dr Retained Earnings $$1,000$Cr Retained Earnings $$13,000$ Dr Retained Earnings $$13,0005.$Corporations may repurchase shares of its own outstanding share capital in order to avoid a hostile takeover by an investor.$(1$ Point$)$TrueFalse