Question: TB MC Qu . 1 6 - 4 2 A 3 - for - 1 stock split will reduce the per... A 3 - for

TB MC Qu.16-42 A 3-for-1 stock split will reduce the per...
A 3-for-1 stock split will reduce the per share par value and will:
Multuple Choice
Increase the total par value of the common stock.
decrease the number of shares proportionately.
decrease earnings per share.
TB MC Qu . 1 6 - 4 2 A 3 - for - 1 stock split

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A 3for1 stock split means that shareholders receive three shares for every one share they curr... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

A 15-cm-OD pipe is buried with its centerline 1.25 m below the surface of the ground (k of soil is 0.35 W/(m K)). An oil having a density of 800 kg/m 3 and a specific heat of 2.1 kJ/(kg K) flows in...

Q:

TB MC Qu . 1 5 - 8 6 ?You want to sell your house . . . You want to sell your house, - and you decide to obtain an appraisal on it . ?Looking at past data, you discover that actual prices obtained...

Q:

Saved Help Save & Exit Submit TB MC Qu. 11-152 (Algo) Halverstein Company... 15 3 points Halverstein Company's outstanding stock consists of 10,850 shares of cumulative 5% preferred stock with a $10...

Q:

1. Jasmin purchased 100 shares of Pinkstey Corporation (publicly traded company) on January 1 of year 1 for $5,000. The FMV of the shares at the end of year 1 was $6,000. On January 1 year 4,...

Q:

The following information is available for OPQ Inc. OPQs net income for the year ended December 31, 2013 was $5,800,000. OPQs tax rate is 30%. There were 1,000,000 common shares outstanding on...

Q:

Multiple choice questions attached in file. Fifty in total. QUESTION 1 If Sam lends his cousin, Tony, $100 for 9 years at 7% interest compounded annually, how much will his cousin owe him at the end...

Q:

Multiple choice questions attached in file. Fifty in total. QUESTION 1 If Sam lends his cousin, Tony, $100 for 9 years at 7% interest compounded annually, how much will his cousin owe him at the end...

Q:

The accounting records of Hastings Enterprises Ltd. included the following items, listed in no particular order (assume normal balances), as of December 31, 2020: Gain on sale of equipment $40,000...

Q:

City: Nonconstant growth Video Excel Online Structured Activity: Nonconstant growth Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not...

Q:

B E F 2013 $6.00 100,000 40% $40,000 2014 $12.17 250,000 40% $40,000 1946802 $7,282 $20,000 $632,160 $1,287,360 $1,946,802 $1,202,950 $263,160 $939,790 $2,886,592 2680112 $14,000 $71,6321 $878,000...

Q:

1. Exercise One: An equity researcher at Fiterman Capital estimates the following dividends, and stock price for Nike stock shown in the table below. Given the aforementioned information, and a...

Q:

In the wake of the global financial crisis, there has been a lot of discussion about whether banking is 'socially useful'. Consult Chapter 5 and use the simple model of the macro-economy and the...

Q:

Consider two geothermal wells whose energy contents are estimated to be the same. Will the energies of these wells necessarily be the same? Explain.

Q:

Culumber Compuny adopts acceptible acrounting for its detined beneft penion plan on lavary 1 . 2 0 9 4 , with the following are thown below. \ table [ [ , 2 0 2 4 , 2 0 2 5 , 2 0 2 6 ] , [ Annual...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....