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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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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Question Posted: Jun 10, 2024 01:10 AM

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When a company declares a 3 -for-1 stock split, the number of outstanding shares: a. triples. b.

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Cornerstones Of Financial Accounting

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