Callisto Began 2008 with 100,000 Shares of $3 Par Common

question 45

Multiple Choice

Callisto began 2008 with 100,000 shares of $3 par common stock.The firm declared a 3-for-1 stock split on March 1,2008.How will the stock split affect Callisto's stockholders' equity?

• A)$300,000 will be transferred from paid-in capital to retained earnings
• B)$300,000 will be transferred from retained earnings to paid-in capital
• C)neither total paid-in capital nor retained earnings will change
• D)stockholders' equity will be decreased by $300,000

Explore how societal views on sexuality and relations have evolved or remained constant over time.

Understand the role and impact of early philosophical ideas on contemporary psychology.

Comprehend the significance of well-being and challenges in personal development.

Grasp the differences and similarities among cultures through cross-cultural research.

---

Definitions:

Cash Discount

A Cash Discount is a reduction in the invoice price offered by a seller to a buyer for prompt payment of their bill.

Invoice Date

The specific date on which an invoice is issued, marking the point when payment terms are set and payment is expected to commence.

Partial Payment

A payment made that is not the full amount due in a billing cycle, often applied to loans or outstanding debts.

Discount Date

The specified date on which a discount is offered or expires, often used in the context of sales or financial transactions.