Callisto Began 2000 with 100,000 Shares of $3 Par Common

question 25

Multiple Choice

Callisto began 2000 with 100,000 shares of $3 par common stock.The firm declared a 3-for-1 stock split on March 1,2010.How will the stock split affect Callisto's stockholders' equity?

• A)increase
• B)decrease
• C)no effect
• D)unable to determine from the information given

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Definitions:

Mood Disorders

A category of mental health disorders characterized by a significant disturbance in a person’s mood, such as major depression or bipolar disorder.

Anxiety Disorders

A category of mental health diagnoses that lead to excessive nervousness, fear, apprehension, and worry.

Psychiatric Disorders

Mental health conditions characterized by changes in emotion, thinking or behavior (or a combination of these) associated with distress and/or impaired functioning.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsivity.