7.A restriction/appropriation of retained earnings

a.increases total retained earnings

b.decreases total assets

c.decreases total retained earnings

d.has no effect on total retained earnings

8.When a corporation completes a 3-for-1 stock split,

a.the market price per share of the stock is decreased

b.the par value per share is decreased

c.the market price per share of the stock and the par value per share are decreased

d.the ownership interest of current stockholders is decreased