Question 7 (1 point) A noncumulative dividend preference guarantees dividends owed from prior years will be distributed to preferred stockholders before dividends are distributed to common stockholders. a) True b) False Question 8 (1 point) A stock split will: a) Increase market value per share immediately after the split. b) Increase par value per share immediately after the split. c) Decrease overall market value immediately after the split d) Result in a greater number of shares outstanding. 21 The Matisse Co. was authorized to issue 20 million shares of common stock. In the first year of operations, the Matisse Co, issued 12 million shares of common stock. In the second year, no additional shares were issued but the Matisse Co. repurchased 2 million shares of common stock. At the end of year 2, how many shares of common stock are outstanding? a) 10 million b) 20 million c) 6 million. d) 18 million. Question 10 (1 point) A distribution of stock dividend will decrease total stockholders' equity. a) True 9.) False