Q10-74. Which of the following statements is not true about a 3-for-1 stock split?

a. Total shareholders’ equity increases.

b. The market price of each share will decrease.

c. Retained Earnings remains the same.

d. A shareholder with 10 shares before the split owns 30 shares after the split.

e. Par value is reduced to one-third of what it was before the split.