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
Q33: A stock split results in a transfer
Q39: Dividends in arrears are dividends on<br>A) cumulative
Q39: The date on which a cash dividend
Q40: If the statement of financial position is
Q42: Corporations generally issue stock dividends in order
Q45: Which of the following statements regarding the
Q46: Identify the effect the declaration of a
Q47: The net effect on the corporation's books
Q49: Mr. Gold sold 100 shares of Delia
Q96: A company can control the market value