As a result of a stock split, a. an entry must be made showing the effect on
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As a result of a stock split,
a. an entry must be made showing the effect on stockholders’ equity.
b. the market price of the outstanding stock is increasing because a split is evidence of a profitable company.
c. the par value of the stock is changed in the reverse proportion as the stock split.
d. the stockholders have a higher proportionate ownership of the company.
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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