Multiple Choice
In a reverse stock split:
A) the number of shares outstanding increases and owners' equity decreases.
B) the firm buys back existing shares of stock on the open market.
C) the firm sells new shares of stock on the open market.
D) the number of shares outstanding decreases but owners' equity is unchanged.
E) shareholders make a cash payment to the firm.
Correct Answer:
Verified
Correct Answer:
Verified
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