The balance of the $0.50 par value Common Stock account for Murdock Company was $60,000 before its recent 3-for-1 stock split. The market price of the stock was $30 per share before the stock split. What occurred as a result of the stock split?
a. The balance in the Retained Earnings account decreased.
b. The balance in the Common Stock account declined to $20,000.
c. The market price of the stock was not affected.
d. The market price of the stock dropped to approximately $10 per share.
d
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Price is a communication tool
Indicate whether the statement is true or false
Managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers is known as ________
A) marketing logistics B) distribution system management C) supply chain management D) full-line forcing E) physical distribution
Assets are listed in the order of their ________ on the balance sheet
A) magnitude B) dates of purchase C) liquidity D) durability
The following information relates to Webster, Inc
Advertising Costs $10,600 Administrative Salaries 17,600 Delivery Vehicle Depreciation 1,300 Factory Repair and Maintenance 200 Indirect Labor 10,500 Indirect Materials 10,000 Manufacturing Equipment Depreciation 1,000 Office Rent 51,000 President's Salary 2,500 Sales Revenue 530,000 Sales Salary 4,700 How much were Webster's period costs? A) $87,700 B) $21,700 C) $534,700 D) $7,200