A Stock Split Will Cause a Change in the Total

question 29

Multiple Choice

A stock split will cause a change in the total dollar amounts shown in which of the following balance sheet accounts?

• A) Cash.
• B) Common stock.
• C) Paid-in capital.
• D) Retained earnings.
• E) None of the above.

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Definitions:

Robert Owen

A 19th-century Welsh social reformer and one of the founders of utopian socialism and the cooperative movement.

Model Factory Village

A planned community designed during the Industrial Revolution to house factory workers, often including amenities and facilities intended to improve workers' living conditions and productivity.

Public Education

Education that is provided by the government to all individuals at no cost, funded by taxpayer dollars, and available to everyone within the jurisdiction.

New Harmony

Community founded in Indiana by British industrialist Robert Owen in 1825; the short-lived New Harmony Community of Equality was one of the few nineteenth-century communal experiments not based on religious ideology.