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.

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.

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