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Stock splits have the following effects on the financial statements except:
A. the account title for common stock changes to reflect the change in the par value of stock
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C. disclosures about the stock on the balance sheet are changed to reflect the additional outstanding shares and the revised par value per share
D. contributed capital and retained earnings are unchanged
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The shareholder's percentage interest in the corporation is unchanged.
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You need to recommend a solution to meet the database retention requirement. What should you recommend?
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