When a company declares a 3 -for-1 stock split, the number of outstanding shares: a. triples. b.
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When a company declares a 3 -for-1 stock split, the number of outstanding shares:
a. triples.
b. stays the same, but the number of issued shares triples.
c. is reduced by one-third.
d. is reduced by one-third, and the number of issued shares is tripled.
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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