Question: 7. In a reverse stock split: * (1 Point) the number of shares outstanding increases and owners' equity decreases. the firm buys back existing shares

7. In a reverse stock split: * (1 Point) the number

7. In a reverse stock split: * (1 Point) the number of shares outstanding increases and owners' equity decreases. the firm buys back existing shares of stock on the open market the firm sells new shares of stock on the open market. the number of shares outstanding decreases but owners' equity is unchanged. 18. By getting closer to the source of payment, lockboxes can be used to reduce: * (2 points) availability or clearing float mail float. in-house processing float. disbursement float

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