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When a company splits its common stock 3 for 1: a. total paid-in capital increases by a factor of 3. b. retained earnings is decreased
When a company splits its common stock 3 for 1: a. total paid-in capital increases by a factor of 3. b. retained earnings is decreased by the market value of the shares issued. c. the market value of the company's stock falls by two-thirds. d. the shareholders are assured of receiving larger cash dividends
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
