Which One of the Following Does Not Affect the Total

question 72

Multiple Choice

Which one of the following does not affect the total equity of a firm but does increase the number of shares outstanding?

• A)special dividend
• B)stock split
• C)share repurchase
• D)rights offer
• E)liquidating dividend

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Definitions:

Product Costing

The process of determining the total cost involved in producing a product, including direct materials, labor, and overhead costs.

Interim Financial Statements

Financial reports covering a period of time less than a fiscal year, often quarterly or semi-annually, providing a periodic update on a company's financial position.

Overapplied Factory Overhead

The amount of factory overhead applied in excess of the actual factory overhead costs incurred for production during a period.

Job Order Cost Accounting System

An accounting system that accumulates costs for each individual job or project to determine its profitability.