co search A Click Submit to complete this assessment. Question 5 Which of the following effects will result when a company implements a 2 for 1 stock split: O a. Decrease number of issued and outstanding shares and increase par value per share, O b. Increase total stockholder's equity and decrease par value per share. Oc. Increase common stock and decrease retained earnings. Od. Decrease par value per share and increase number of common stock issued and outstanding. Click Submit to complete this assessment. 34C Sunny to search Click Submit to complete this assessment. Question 5 Which of the following effects will result when a company implements a 2 for 1 stock split: Oa. Decrease number of issued and outstanding shares and increase par value per share, O b. Increase total stockholder's equity and decrease par value per share. Oc. Increase common stock and decrease retained earnings, Od. Decrease par value per share and increase number of common stock issued and outstanding. Click Submit to complete this assessment. O 34C Sunny ere to search Moving to another question will save this response. Question 4 If a corporation issues common stock above its par value, the journal entry to record the transaction includes: O a. Debit paid-in capital in excess of par. O b. credit retained earnings. O c. credit cash. O d. credit paid-in capital in excess of par. Moving to another question will save this response. E 34C Sunn Question 3 Large stock dividend occurs when a corporation declares more than 20% of its outstanding shares. O True False o search Moving to another question will save this response. E 34C Sunn h Question Completion Status: L Moving to another question will save this response. Question 1 When a corporation issues cumulative preferred stock, it means that dividends in arrears will be paid to preferred stockholders. O True False Moving to another question will save this response. c 34C Sunny A