Question
Testbank Multiple Choice Question 61 A feature common to both stock splits and stock dividends is an increase in total liabilities of a corporation. a
Testbank Multiple Choice Question 61
A feature common to both stock splits and stock dividends is
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| an increase in total liabilities of a corporation. |
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| a transfer to earned capital of a corporation. |
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| that there is no effect on total stockholders' equity. |
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| a reduction in the contributed capital of a corporation. |
Testbank Multiple Choice Question 62
What effect does the issuance of a 2-for-1 stock split have on each of the following?
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| Par Value per Share |
| Retained Earnings |
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
20th Edition
1292399805, 978-1292399805
