Question
Rienstra Electronics has just declared a 2 for 1 stock split. The current price of the stock is above the par value. Which of the
Rienstra Electronics has just declared a 2 for 1 stock split. The current price of the stock is above the par value. Which of the following account balances will be affected by the stock split?
a. Common stock
b. Paid in Excess
c. Retained Earnings
d. All of these account balances will be affected.
e. None of these account balances will be affected.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
