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A corporate issuer declares a reverse 2 for 3 stock split. After the split is effected, which statement is TRUE? A The market price of
A corporate issuer declares a reverse for stock split. After the split is effected, which statement is TRUE?
A The market price of the corporation's shares will increase
B The reported earnings per common share will decrease
The number of common shares outstanding will increase
Each common shareholder's proportionate ownership interest will increase
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
