The memorandum entry of XY company on account of stock split implies that stock split has increased the nurmber 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 stock spli 1 for 2 reverse stock split 2 for 1reverse stock split None of these 1 for 2 stock split SPr...sal 1
The memorandum entry of XY company on account of stock split implies that stock split has increased the nurmber 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 stock spli 1 for 2 reverse stock split 2 for 1reverse stock split None of these 1 for 2 stock split SPr...sal 1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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 stock spli
1 for 2 reverse stock split
2 for 1reverse stock split
None of these
1 for 2 stock split
SPr..sal 1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc526f927-283b-4f7b-a773-c705605ca84f%2F9dd106fa-b41a-4895-9a09-07d589140f33%2F535dojg_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 stock spli
1 for 2 reverse stock split
2 for 1reverse stock split
None of these
1 for 2 stock split
SPr..sal 1
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