Indicate on the blanks below the effect (I = increase,D = decrease,NE = no effect)of a stock split on each of the items listed.
_____ 1.Assets
_____ 2.Balance of Common Stock account
_____ 3.Total contributed capital
_____ 4.Total retained earnings
_____ 5.Total stockholders' equity
_____ 6.Par value per share
_____ 7.Total number of shares outstanding

Question

Quizplus · Accepted Answer

The Answer of Indicate on the blanks below the effect (I = increase,D = decrease,NE = no effect)of a stock split on each of the items listed.
_____ 1.Assets
_____ 2.Balance of Common Stock account
_____ 3.Total contributed capital
_____ 4.Total retained earnings
_____ 5.Total stockholders' equity
_____ 6.Par value per share
_____ 7.Total number of shares outstanding

Indicate on the Blanks Below the Effect (I = Increase,D