A Stock Split Will Not Affect Total Stockholders' Equity or the Number

question 112

True/False

A stock split will not affect total stockholders' equity or the number of shares of stock issued.

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Definitions:

Oral Evidence

Testimony or statements spoken out loud in court as opposed to written evidence.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing to be enforceable.

United States Code

The comprehensive, codified collection of the permanent general and special laws of the United States federal government.

Suretyship Provision

A legal agreement in which a third party agrees to be responsible for the debt or obligation of another party if that party fails to perform or pay.