A feature common to both stock splits and stock dividends is
A. An increase in total liabilities of a corporation.
B. A reduction in the contributed capital of a corporation.
C. That there is no effect on total stockholders' equity.
D. A transfer to earned capital of a corporation.
Answer: C
You might also like to view...
A characteristic of a process cost accounting system is:
a. Costs are accumulated by order. b. Work in process inventory is restated in terms of equivalent production. c. It is used by a company manufacturing custom machinery. d. None of these is correct.
Which type of statistics is used by guestologists to identify how organizations can respond to guests needs, wants, capabilities, and expectations?
a. actuary b. economic c. regression d. probabilistic
A change in the unit depletion rate would be accounted for as a
a. correction of an accounting error. b. change in accounting principle. c. change in accounting estimate. d. change in accounting estimate effected through a change in accounting principle.
Monette includes her full-sentence outline on her PowerPoint slides and reads her speech from them. What type of delivery is this?
a. extemporaneous b. impromptu c. manuscript d. memorized