When a company splits its common stock 3 for 1:
Select one:
a. total paid-in capital increases by a factor of 3.
b. retained earnings is decreased by the market value of the shares issued.
c. the market value of the company's stock normally falls by two-thirds.
d. the stockholders are assured of receiving larger cash dividends.
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
