Kaneb Services, Inc

question 24

Multiple Choice

Kaneb Services, Inc.has just declared a 3 for 2 stock split.The company's pre-split common stockholders' equity was as follows:

If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?

• A)$140,100,000
• B)$139,200,000
• C)$182,100,000
• D)$141,350,000

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Definitions:

Architect

A professional who designs buildings and in many cases also supervises their construction.

Style

A distinctive artistic manner. Period style is the characteristic style of a specific time. Regional style is the style of a particular geographical area. Personal style is an individual artist’s unique manner.

Interior Support Frame

A structural element within objects or buildings that provides stability and support to the overall form.

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Corresponding to fact or reality; honest and accurate representation without deceit or falsification.