Rienstra Electronics Has Just Declared a 2 for 1 Stock

question 89

Multiple Choice

Rienstra Electronics has just declared a 2 for 1 stock split. The current price of the stock is above the par value. Which of the following account balances will be affected by the stock split?

• A)Common stock
• B)Paid in Excess
• C)Retained Earnings
• D)All of these account balances will be affected.
• E)None of these account balances will be affected.

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