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NEW QUESTION: 1
Stock splits have the following effects on the financial statements except:
A. the shareholder's percentage interest in the corporation is changed by the percentage change in the market value of the stock
B. disclosures about the stock on the balance sheet are changed to reflect the additional outstanding shares and the revised par value per share
C. contributed capital and retained earnings are unchanged
D. the account title for common stock changes to reflect the change in the par value of stock
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The shareholder's percentage interest in the corporation is unchanged.
NEW QUESTION: 2
A. Option B
B. Option C
C. Option A
D. Option D
Answer: D
NEW QUESTION: 3
A. Option C
B. Option D
C. Option B
D. Option A
Answer: C
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