Question: 48. We decide to issue a 50 percent stock split. The effect on our financial statements will be: A decrease in Retained Earnings An increase

48. We decide to issue a 50 percent stock split. The effect on our financial statements will be: A decrease in Retained Earnings An increase in Retained Earnings An increase in total stock holders equity No effect P-'PFT?' 49. We decide to sell an additional 10,000 Common shares that are authorized. The fair market value of the shares on the sale date is $13 per share. The effect on the financial statements is? An increase in total assets of $130,000 An increase in the common stock account of $130,000 An increase in the gain on sale of stock account of $120,000 An increase in the paid-incapital in excess of par account of $30,000 51.0 FE\

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