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70. Supervox Corporation declared a 3-for-2 common stock split, but this transaction was erroneously recorded as a 50% common stock diVidend. As a result: A.
70. Supervox Corporation declared a 3-for-2 common stock split, but this transaction was erroneously recorded as a 50% common stock diVidend. As a result: A. Retained earnings is understated. B. The total dollar amount of stockholders' equity is overstated. C. The corporate records do not show the correct number of shares of common stock outstanding. D. The common stock account is understated
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
