Supervox Corporation Declared a 3-For-2 Ordinary Share Split, but This

Multiple Choice

Supervox Corporation declared a 3-for-2 ordinary share split, but this transaction was erroneously recorded as a 50% ordinary share dividend. As a result:

A) Retained earnings is understated.
B) The total dollar amount of shareholders' equity is overstated.
C) The corporate records do not show the correct number of ordinary shares outstanding.
D) The ordinary share account is understated.