The effect of a stock split is to convert preference shares into common shares increase the number of shares, but leave everything else the same increase the number of shares and reduce the retained earnings decrease the number of shares none of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The effect of a stock split is to
convert preference shares into common shares
increase the number of shares, but leave everything else the same
increase the number of shares and reduce the retained earnings
decrease the number of shares
none of the above
Transcribed Image Text:The effect of a stock split is to convert preference shares into common shares increase the number of shares, but leave everything else the same increase the number of shares and reduce the retained earnings decrease the number of shares none of the above
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