Multiple Choice
Coombs Corp.declared a two-for-one stock split.Solly Fogarty owned 500 shares of Coombs that were trading for $20 each before the split.Which of the following is likely to be true after the split?
A) The number of shares Solly owns will increase by 50%.
B) The market price per share will drop by 50%.
C) The total market value of Solly's shares will double.
D) The market price per share will increase by 100%.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Which of the following shows the proper
Q56: Which of the following is the appropriate
Q57: If a company repurchase shares for a
Q58: Under IFRS, which of the following describes
Q59: A company may repurchase its own shares
Q61: Use the following information for questions <br>On
Q62: A debit balance in the Retained Earnings
Q63: The statement of changes in equity discloses
Q64: All of the following are advantages of
Q65: The market capitalization of a company is