Question 1. 1. The primary purpose of a stock split is to:


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Question 1. 1. The primary purpose of a stock split is to: (Points : 3) increase paid-in capital. reduce the market price of the stock per share. increase the market price of the stock per share. increase retained earnings Question 2. 2. The excess of issue price over par of common stock is termed as: (Points : 3) discount. income. deficit. premium. Question 3. 3. If a corporation issues only one class of stock, it is called: (Points : 3) common stock. treasury stock. no-par stock. preferred stock. Question 4. 4. Payment of cash dividends are recorded as: (Points : 3) a decrease in cash and an increase in expenses a decrease in cash and a decrease in retained earnings an increase in dividend expense and a decrease in cash a decrease in cash and a decrease in capital stock Question 5. 5. Which of the following would result in no net change in assets? (Points : 3) Stock issued for cash Expenses paid with cash Cash collected for fees earned Equipment purchased for cash cocodiaz3
posted a question ยท Dec 15, 2015 at 8:30pm

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