Which of the following statements is not true about a 3 -for-1 stock split? a. Stated value

Question:

Which of the following statements is not true about a 3 -for-1 stock split?

a. Stated value is reduced to one-third of what it was before the split.

b. Total shareholders' equity increases.

c. The market price of each share will decrease.

d. A shareholder with 10 shares before the split owns 30 shares after the split.

e. Retained Earnings remains the same

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