When a Corporation Declares a Stock Split, It Usually Does

question 28

Multiple Choice

When a corporation declares a stock split, it usually does so because

• A) there are too many shares outstanding.
• B) investors sometimes require nontaxable returns.
• C) the share price is too high.
• D) the firm's retained earnings are excessive.

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Definitions:

Petty Cash Voucher

A petty cash form to be completed when money is taken out of petty cash.

Petty Cash Account

A modest sum of money maintained for covering small or unexpected costs.

Auxiliary Petty Cash Record

A detailed record used alongside the main petty cash fund to track minor business expenditures.

Petty Cash Voucher

A document used to record and manage small, immediate cash expenses.