Question: Which statement best describes the Impact of a stock split?: * a . No change in par value per share b . Decreases total retained

Which statement best describes the Impact of a stock split?: *
a. No change in par value per share
b. Decreases total retained earnings
c. Increases total par value
d. No journal entry is necessary
e. Increases paid-in capital
What Is the amount of depreclation, using the double declining-balance method, for the first year of use for equipment that costs $25,000, with an estimated salvage value of $2,000 and an estimated life of 5 years?: *
a. $2,000
b. $4,600
c. $5,000
d. $9,000
e. $10,000
Which of the following Increases the cash flow from operating activities (all other things equal)?: *
a. Increase in inventory
b. Decrease in accounts payable
c. Decrease in prepaid expenses
d. Payment of cash dividends
e. Purchase of equipment
During the year, ABC Company's cost of goods manufactured Is $450,000. Beginning of year finished goods Inventory is $120,000 and end of year finished goods inventory is $160,000. What Is the cost of goods sold?: *
a. $290,000
b. $410,000
c. $450,000
d. $490,000
e. $610,000
 Which statement best describes the Impact of a stock split?: *

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