Murton Industries Murton Industries, Inc reported the following information on its recent balance sheet. Common stock, $10 par, 100,000 shares authorized, 75,000 shares issued and outstanding Refer to the information for Murton Industries. What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share at the time the stock split is declared?

A) A stock split has no impact on any of the stockholders' equity account balances.
B) Total stockholders' equity increases $750,000.
C) Cash increases $750,000.
D) $1,500,000 of retained earnings is transferred to the capital stock accounts.


A

Business

You might also like to view...

________ is a clustering procedure where all objects start out in one giant cluster. Clusters are formed by dividing this cluster into smaller and smaller clusters

A) Non-hierarchical clustering B) Hierarchical clustering C) Divisive clustering D) Agglomerative clustering

Business

During August, the Filtering Department of Rudbeckia, Inc. had beginning Work-in-Process inventory of 120 units with costs of $50,000. 525 units were transferred in during the month. It had 60 units in ending Work-in-Process Inventory. Under the first-in, first-out (FIFO) method, current period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________.

A) 0 units B) 525 units C) 120 units D) 60 units

Business

The law courts of the English common law emphasized legal procedure over the merits of an individual case

Indicate whether the statement is true or false

Business

Define relational databases.

What will be an ideal response?

Business