Question 76 (1 point) Stock Splits and Stock Dividends have the following effects on Retained Earnings: Stock Splits Stock Dividends A) increase increase B) increase no change C) no change no change D) no change decrease E) decrease decrease Question 77 (1 point) When an asset is sold, a gain is reported that is equal to the amount that the A) carrying amount exceeds the proceeds received for the asset sold. B) proceeds received exceed the depreciable cost of the asset sold. C) proceeds received exceed the carrying amount of the asset sold. D) proceeds received exceed the original cost of the asset sold. Question 78 (1 point) Coombs Corp. declared a two-for-one stock split. Solly Fogarty owned 500 shares of Coombs that were trading for $20 each before the split. Which of the following is likely to be true after the split? A) The total market value of Solly's shares will double. B) The market price per share will increase by 100%. C) The number of shares Solly owns will increase by 50%. D) The market price per share will drop by 50%