If a corporation declares a 2-for-1 stock split, which of the following is true?

A) A new class of stock must be authorized with twice the number of issued shares.
B) The number of outstanding shares is half the number that was outstanding before the split.
C) The number of outstanding shares is twice the number that was outstanding before the split.
D) The number of authorized shares is doubled, while the par value is reduced to half of the pre-split par value.


C

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Exhibit 13-03 ? On January 1, 2017, Train, Inc accepted an $80,000, non-interest bearing 3 year note in exchange for equipment it sold to Steam Company. Train originally purchased the equipment for $125,000, and it had a book value of $75,000 on the date of the sale. The note was non-interest-bearing. An assumed 11% interest rate is implicit in the agreement. Actual information for 11%, three

periods, follows: ? Present value of 1 0.73119 Present value of annuity of 1 2.44371 ? ? Refer to Exhibit 13-03. What amount should Train record for the discount on Notes Receivable? A) $0 B) $16,505 C) $21,505 D) $58,495

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A debit has an unfavorable effect on an account

Indicate whether the statement is true or false

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A perspective that sees unions as integral participants in a community's and country's civic and political activities is known as __________________ unionism.

Fill in the blank(s) with the appropriate word(s).

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Which of the following is the slope of the security market line?

A) It varies, and it is steeper for riskier securities. B) beta C) the market risk premium D) one

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