A 3-for-1 stock split will reduce the per share par value and will:
A. increase owners' equity.
B. increase the total par value of the common stock.
C. decrease earnings per share.
D. decrease the number of shares proportionately.
Answer: C
You might also like to view...
Starlight Associates, Inc recorded salary expense of $100,000 in 2016 . However, additional salaries of $5,000 had been earned, but not paid or recorded at December 31, 2016 . After the adjustments are recorded and posted at December 31, 2016, the balances in the Salaries Expense and Salaries Payable accounts will be: Salaries Expense Salaries Payable
a. $105,000 $5,000 b. $100,000 $ 0 c. $100,000 $5,000 d. $105,000 $ 0
When conducting research for the workplace, what is the goal of the research?
A) To prepare bids for clients and customers B) To find, organize, and analyze information to solve a problem or answer a question, C) To gain new business D) To aid in the understanding of complex processes that affect one's ability to do the job E) To provide objective information to leadership regarding departmental activities
A disguised retail audit is most appropriate when employee reports must be evaluated and employees must be questioned about specific tactics as part of the audit
Indicate whether the statement is true or false
A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible. The current debit balance (before adjustments) in the allowance for doubtful accounts is $1,200. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for $6,000.
Answer the following statement true (T) or false (F)