Which of the following statements about a 3-for-1 share split is true? a. It will triple the

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Which of the following statements about a 3-for-1 share split is true?

a. It will triple the market price of the share.

b. It will triple the amount of total equity.

c. It will have no effect on total equity.

d. It requires the company to distribute cash.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:40 AM

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Which of the following statements about a 3-for-1 share split is true? a. It will triple the

Question:

Step by Step Answer:

The correct answer is c It will have no effect on total equity Explanation A 3for1 share split means ...View the full answer

Financial Accounting With International Financial Reporting Standards

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