Generally, a Stock Dividend Is Declared to Improve the Marketability

question 83

True/False

Generally, a stock dividend is declared to improve the marketability of the shares by reducing the market price per share, increasing the number of shares outstanding, and making it possible to have a wider ownership of the stock.

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Definitions:

Nonprofits

Organizations that operate for charitable, educational, cultural, scientific, or social purposes rather than profit, reinvesting excess revenue in their mission.