Which statement is true about a stock split?
Multiple Choice
A change in total stockholders' equity depends upon whether it is a 2-for-1 split or a 3-for-1 split.
Total shareholders' equity decreases.
Total shareholders' equity increases.
Total shareholders' equity remains the same.
Which statement is true about a stock split? Multiple Choice A change in total stockholders' equity...
Which of the following is a true statement? Multiple Choice Expenses increase owners’ equity and decrease liabilities. Revenue decreases owners’ equity and expenses increase owners’ equity. Revenue increases owners’ equity and expenses decrease owners’ equity. Revenue decreases owners’ equity and increases liabilities. Which of the following statements is not true regarding the adoption of ASC Topic 606 guidance for revenue recognition? Multiple Choice When using the cumulative approach, the prior three years of financial statements need to be restated. Under...
Which of the following is true? Multiple Choice A large stock dividend will reduce par The purchase of treasury stock decreases Total Stockholder's equity A large or small stock dividend reduces Total Stockholder's equity A stock split reduces Retained Earnings
Which of the following requires a credit? Multiple Choice Decreases in liabilities Decreases in stockholders' equity Increases to assets Increases to liabilities 2. true or false Under the five-step revenue recognition model, a contract can be written, verbal, or implied. 3.When cash is received in advance of a performance obligation being satisfied, a(n) ______ called _________ is recorded.
Which of the following statements about the statertient of stockholders equity are true? (Select all that apply.) Check All That Apply Net income increases total stockholders' equity. Dividends increase total stockholders' equity. The issuance of common stock increases stockholders' equity. Unrealized holding gains on certain securities increase total stockholders' equity.
Complete the following chart by inserting an "X" for each statement that is true. Cash dividend Stock dividend Stock split Decreases retained earnings Has no effect on a liability Increases paid-in capital by the same amount that it decreases retained earnings Decreases both total assets and total stockholders' equity Has no effect on total stockholders' equity
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (200,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity. $ 400,000 800,000 200,000 800,000 $2,200.000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-1% reverse stock...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (400,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 400,000 1,600,000 200.000 800.000 $3,000,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. a. The number of shares outstanding after a 2-for-1 stock split is shares (Round to the nearest whole number.)
Which of the following statements about a 2-for-1 stock split is not true? A shareholder with 200 shares before the split owns 400 shares after the split. Legal capital per share is reduced to half of what it was before the split. Total share capital increases. The market value of the shares will probably decrease.
Which of the following is true regarding debits and credits? Multiple Choice Whether a debit or credit increases or decreases an account depends on the type of account. Debits increase an account and credits decrease an account. Credits increase an account and debits decrease an account. There are some circumstances that allow for debits and credits to not equal.
Which of the following statements is true about return on equity (ROE)? Multiple Choice It measures the return on common stockholders’ investment in the assets of the firm. The value of the firm’s ROE is affected by net income. The value of the firm’s ROE is affected by the amount of financial leverage or debt that the firm uses. All of these choices are correct.