A 2-For-1 Stock Split Is Declared

question 110

Multiple Choice

A 2-for-1 stock split is declared.In this case which of following statements is true?

• A) The cash account declines.
• B) The common stock account rises.
• C) The retained earnings fall.
• D) The number of common shares increases.

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Definitions:

Tort Cases

Tort cases involve legal actions for civil wrongs that cause harm or loss, leading the injured party to seek compensation for damages.

Habeas Corpus

A legal principle that protects individuals from being detained unlawfully, allowing them to seek relief from illegal imprisonment.

Detention

The act of holding back or confining individuals, often in relation to law enforcement or immigration procedures, for a period of time.

Legal Cause

A legally sufficient reason to take certain legal action, such as filing a lawsuit.