When a Company Declares a 3-For-1 Stock Split,the Number of Outstanding

question 39

Multiple Choice

When a company declares a 3-for-1 stock split,the number of outstanding shares

• A)is tripled compared to the number of shares that were outstanding prior to the split.
• B)stays the same,but,the number of issued shares triples.
• C)is tripled,while the number of issued shares is reduced to one-third of the original issued shares.
• D)is reduced,and the number of issued shares is tripled.

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Definitions:

Acceptance

The act of receiving or consenting to something offered, with agreement or positive reception.

Opiate Of The Masses

A term coined by Karl Marx, referring to religion as the "opium of the people" intended to describe the effect of religion in dulling the pain of oppression among the working class by promising a better afterlife.

Equated

To consider one thing to be the same as or equivalent to another.

Church

An institution that brings together a moral community of believers in formal worship and integrates itself within the larger secular world.