Andromeda Industries had 300,000 shares of common stock with a $3 par value and retained earnings of $180,000 at January 1, 2011 . In 2011, the stock was split 3 for 1 . In 2010, earnings per share were $1.80 . Which of the following would not result from the stock split?
a. The new shares would total 900,000.
b. The total amount in the capital stock account would remain the same.
c. The par value would become $1.
d. Retained earnings would be reduced.
e. The earnings per share for 20 years prior to the split would be reduced.
D
You might also like to view...
Roles within the buying center are socially constructed, which means people define how they will act in the business-to-business purchase process and how they will interact with others
Indicate whether the statement is true or false
When asking a question, the salesperson should know or anticipate the answer for the question.
Answer the following statement true (T) or false (F)
What is the largest foundation located in the United States?
A. Ford Foundation B. J. Paul Getty Trust C. Bill and Melinda Gates Foundation D. John D. and Catherine T. MacArthur Foundation
Bain & Company's "Management Tools and Trends" survey has consistently reported that ________________ continues to be among the most commonly used management tool among global executives, and it is the tool with one of the highest reported levels of satisfaction.
Fill in the blank(s) with the appropriate word(s).