Multiple Choice
A 2-for-1 share split:
A) Is accounted for in the same way as a 100% stock dividend.
B) Increases the number of outstanding ordinary shares, but par value per share remains the same as before the split.
C) Is recorded by transferring the par value of additional shares from retained earnings to the ordinary share account.
D) Should logically cause the market price per share to drop by approximately 50%.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: In order for a loss on the
Q45: A stock dividend provides a shareholder with
Q46: A company had 125,000 shares of ordinary
Q47: The shareholders' equity section of the blance
Q48: As a result of a 5% stock
Q49: Comprehensive income may be presented in a
Q51: The shareholders' equity section of the balance
Q52: Accounting terminology<br>Listed below are nine technical
Q54: Treasury share appears as:<br>A) An asset account<br>B)
Q55: Retrospective restatements appear in the statement of