SOS

QUESTION 1 Which of the following statements is not true about a 2-for-1 split? Total owners' equity increases. O Par value per share is reduced to half of what it was before the split. The market price probably will decrease. O A stockholder with ten shares before the split owns twenty shares after the split. QUESTION 2 The par value of a stock O is indicative of the worth of the stock. O is selected by the SEC. O reflects the most recent market price. O does not have economic meaning. QUESTION 3 Information that is not generally reported for each class of stock on the balance sheet is o the market value. shares issued O shares authorized O the par value