Which of the Following Occurs When the Board of Directors

question 95

Multiple Choice

Which of the following occurs when the board of directors declares a 2-for-1 stock split on 20,000 outstanding shares of $15 par common stock?

• A) The par value of the stock remains the same.
• B) The par value of the stock increases to $30 per share.
• C) Outstanding shares decrease to 10,000.
• D) Outstanding shares increase to 40,000.

Analyze the capacity analysis report to identify unused capacity in minutes.

Evaluate the financial impact of matching capacity with demand in time-driven activity-based costing.

Calculate the cost per minute of resources supplied in department-specific activities.

Apply time-driven activity-based costing principles to improve operational efficiency.

---

Definitions:

Registry System

An organized system or database for the official recording, tracking, and management of information or documents, such as land titles, births, marriages, or automobiles.

Land Titles Systems

A system of registration for land ownership and interests, ensuring clarity and legality in real estate transactions.

Joint Tenants

A form of co-ownership where all owners have equal rights to the whole property, and upon the death of one owner, their interest automatically passes to the surviving owner(s).

Ownership

The legal right to possess, use, and dispose of property or an asset.