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1.The net assets of a corporation are equal to:
Total assets - total liabilities.
Total assets + total liabilities.
Total assets + retained earnings.
Total assets - retained earnings.
2.
Which statement is true about a stock split?
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 remains the same.
Total shareholders' equity increases.
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