Which of the Following Statements Is TRUE

question 115

Multiple Choice

Which of the following statements is TRUE?

• A) Both a stock dividend and a stock split increase the balance in the common stock account.
• B) Both a stock dividend and a stock split reduce retained earnings.
• C) Neither a stock dividend nor a stock split will result in net gains or losses.
• D) A stock split increases the par value of the stock.

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Definitions:

Procrastinators

Individuals who delay or postpone tasks and decisions.

Progress

The forward or onward movement toward a goal or to a more advanced state, often measured by milestones or improvements in performance.

Finish Line

The final goal or end point of a race or an endeavor.

Workaholic

An individual who compulsively works long and hard hours, often to the detriment of personal relationships and health.