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Mercury Homes just declared a 4-for-3 stock split.Which of the following occurred as a result of this split?
I.number of shares outstanding increased by 1/3
II.number of shares outstanding decreased by 1/4
III.price per share increased by 1/3
IV.price per share decreased by 1/4
Central Issues
The core or primary concerns, problems, or topics within a discussion context.
Short-Term Debt
Financial obligations that are due for repayment within a short period, typically less than one year.
Operating Current Assets
are assets that are expected to be converted into cash or used up within one year in the course of business.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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