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.

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Definitions:

Counteracting Globalization

Efforts aimed at resisting or managing the effects of globalization in order to preserve local cultures, economies, and environments.

Global Homogeneity

The process or state where cultures around the world become increasingly similar to one another, often due to globalization and the spread of Western culture.

Global Diversity

Refers to the variety and differences among people and cultures around the world.

Semiperipheral Country

A nation that is intermediate between the core and periphery countries in the global economy, exhibiting traits of both industrialization and dependency.