The memorandum entry of XY company on account of stock split implies that stock split has increased the number of shares of common stock outstanding from 100,000 to 50,000 and reduced the par value from OMR 5 to OMR 10 per share. Identify the tock split. 1 for 2 reverse stock split 2 for 1reverse stock split 1 for 2 stock split None of these

The memorandum entry of XY company on account of stock split implies that stock split has increased the number of shares of common stock outstanding from 100,000 to 50,000 and reduced the par value from OMR 5 to OMR 10 per share. Identify the tock split. 1 for 2 reverse stock split 2 for 1reverse stock split 1 for 2 stock split None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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