QUESTION 36 A company's stock split will A. increase the total par value of the stock. B. have no effect on retained earnings. C. increase total paid-in capital. D. have no effect on the par value per share of stock. QUESTION 37 The LIFO inventory method assumes that the cost of the latest units purchased are A. the first to be allocated to cost of goods sold. B. the last to be allocated to cost of goods sold. C. the first to be allocated to ending inventory. D.not allocated to cost of goods sold or ending inventory. QUESTION 38 If the market rate of interest is 8%, a $10,000, 10-year bond with a stated rate of 10% that pays interest annually would sell at an amount A. that cannot be determined. B. less than face value. C. greater than face value. D. equal to face value