Multiple Choice
A stock split:
A) increases the total book value of the common stock account.
B) decreases the book value of the retained earnings account.
C) does not affect the total book value of any of the equity accounts.
D) increases the book value of the capital in excess of par account.
E) decreases the total owners' equity on the balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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