Andromeda Industries Had 300,000 Shares of Common Stock with a $3

question 30

Multiple Choice

Andromeda Industries had 300,000 shares of common stock with a $3 par value and retained earnings of $180,000 at January 1,2011.In 2011,the stock was split 3 for 1.In 2010,earnings per share were $1.80.Which of the following would not result from the stock split?

• A)The new shares would total 900,000.
• B)The total amount in the capital stock account would remain the same.
• C)The par value would become $1.
• D)Retained earnings would be reduced.
• E)The earnings per share for 20 years prior to the split would be reduced.

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Definitions:

Emotional States

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Short-Term Memory

The component of memory where small amounts of information can be stored for a short duration.

State-Dependent Memory

The phenomenon where information learned in a particular state of mind (e.g., happy, sad) is more easily recalled when in that same state of mind.

Effortful Processing

A type of encoding that requires attention and conscious effort to remember information.