A Stock Split Will

question 116

Multiple Choice

A stock split will

• A)have no effect on retained earnings.
• B)increase total paid-in capital.
• C)increase the total par value of the stock.
• D)have no effect on the par value per share of stock.

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Definitions:

Settlement Date

The date on which a trade is finalized or settled, with the transfer of securities and cash between buyer and seller.

Liability Record

Documentation or entries that list the obligations or debts of a business that it must repay to others.

Exchange Rates

The rate at which one currency can be exchanged for another, affecting the value of foreign currency transactions and financial reporting.

Inventory Purchase

The acquisition of goods or raw materials intended for sale or use in production processes.