Which of the following statements is not true about a 3-for-1 stock split?
a. Total stockholders’ equity increases.
b. A stockholder with 10 shares before the split owns 30 shares after the split.
c. Retained Earnings remains the same.
d. The market price of each share of stock will decrease.
e. Par value is reduced to one-third of what it was before the split.
your paper for you
Looking for someone to write your essay in 2 hours? Assignment123 can help. Hire an expert writer to tackle your essay paper and get it done quickly and efficiently. You can also order a custom essay, buy essay online, or get essay help from our team of experienced writers.