Question
which of the following is a valid reason for a stock split? a. to increase ownership percentages of individual stockholders b. to adjust the market
which of the following is a valid reason for a stock split?
a. to increase ownership percentages of individual stockholders
b. to adjust the market priceof the shares to a level where more individuals can afford to invest in the stock
c.to increase reported net income during subsequent accounting periods
d. to decrease income taxes owned
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
