Multiple Choice
Which of the following is a TRUE statement regarding the effect of a stock split and stock dividend on total assets or liabilities?
A) Both a stock split and a stock dividend will decrease total assets.
B) Both a stock split and a stock dividend will increase total liabilities.
C) A stock split will increase total assets, but a stock dividend will not.
D) Neither a stock split nor a stock dividend will affect total assets or total liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
Q120: Which of the following requires a formal
Q121: No journal entry is made on the
Q122: With a stock dividend,the total number of
Q123: A corporation has 10,000 shares of 20%,$60
Q124: Regarding the statement of stockholders' equity,which of
Q126: Jarrell,Inc.purchases 8,500 shares of the company's own
Q127: Superstar Corporation reported the following equity
Q128: Which of the following statements,regarding no-par stock,is
Q129: Newcastle Enterprises had net income for 2018
Q130: Which of the following is an advantage