Which of the following statements is not true about a 3 -for-1 stock split? a. Stated value
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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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Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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