A Stock Split

question 119

Multiple Choice

A stock split:

• A)increases assets and decreases equity.
• B)increases Common Stock and decreases Paid- in Capital.
• C)decreases Retained Earnings and increases Paid- in Capital.
• D)has no effect on total equity.

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Definitions:

Bona Fide Occupational Qualification

An employment practice that allows for consideration of traits or characteristics that are normally considered discrimination if they are genuinely necessary to the normal operation of a particular business.

Equal Pay Act

A U.S. law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Substantially the Same Job

A position that is nearly identical in duties, responsibilities, and requirements to another job, typically in the context of employment law and workplace equality.

Seniority System

A seniority system is an organizational structure where employees gain certain benefits or positions based on their length of service.