Immediately Before a 3-For-1 Stock Split Was Declared and Distributed

question 30

Essay

Immediately before a 3-for-1 stock split was declared and distributed on 20,000 shares of par $80 stock, Mikah Company has total liabilities of $260,000 and total shareholders' equity of $320,000. Calculate Mikah Company's debt/equity ratio immediately after the stock split.

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Definitions:

Counterconditioning

A behavior therapy technique involving the conditioning of an undesirable behavior or response to a stimulus into a desired behavior by association of positive actions with the stimulus.

Meta-Analysis

A statistical technique for synthesizing the results of multiple studies on a particular topic, aiming to derive a pooled estimate of effect size more powerfully than individual studies.

Transference

The projection of feelings, expectations, or desires from one person to another, often occurring within psychotherapeutic contexts.

Aversive Conditioning

A technique for altering behavior that utilizes negative stimuli to deter unwanted actions.