Hillerbert Company Declared a 2-For-1 Stock Split on Its 200,000

question 43

Multiple Choice

Hillerbert Company declared a 2-for-1 stock split on its 200,000 shares of $10 par value common stock. As a result of this transaction:

• A)Paid-in Capital increases by $2,000.
• B)Common Stock increases to $4,000,000.
• C)both A and B are correct.
• D)none of these answers is correct.

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Definitions:

Left Frontal Lobe

A region of the brain associated with reasoning, motor skills, higher level cognition, and expressive language.

Rehearsal

The cognitive process of repeatedly practicing material to enhance memory retention.

Long-Term Memory

The phase of the memory process responsible for the storage of information over an extended period, potentially a lifetime.

Masking

A method in perceptual research where a visual stimulus is made less visible to the observer by the presence of another stimulus, hindering the ability to perceive or process the first stimulus.