QUESTION 11 R Co. has outstanding 15 million shares, $1 par common stock, selling for $8 per share. After a 2 for 1 stock split: O A. R would have 30 million shares, $1 par per share. B. Fractional shares would be repurchased. C. Retained earnings will go up by $15 million D. The market price per share would be about $4. QUESTION 12 Which of the following statements typifies defined contribution plans? A Investment risk is borne by the corporation sponsoring the plan. B. The plans are more complex than defined benefit plans. C. The annual pension benefit is specified by the employment agreement. D. The employer's obligation is satisfied by making the periodic contribution to the plan. QUESTION 13 Which of the following describes defined benefit pension plans? A. The investment risk is borne by the employee. B. The plans are simple and easy to construct C. The investment risk is borne by the employer. D. Retirement benefits depend on the individual's account balance