A stock split:
A) causes decrease in the number of shares outstanding.
B) increases the par or stated value in proportion.
C) reduces retained earnings.
D) has no effect on total shareholders' equity.
Correct Answer:
Verified
Q2: Book Value per Share is defined as:
A)
Q16: Book value per share is found by
Q17: Book value per share is the same
Q18: Market value per share is the price
Q21: Before a three-for-one stock split,the shares outstanding
Q24: A stock-split journal entry would include a:
A)debit
Q25: XYZ Corporation issued a four-for-one stock split.The
Q27: The journal entry to record the issuance
Q28: The entry to record the payment of
Q29: Declaration of a cash dividend causes:
A) a
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