The impact of a stock split on shareholders equity accounts is a) The number of...

80.2K

Verified Solution

Question

Accounting

The impact of a stock split on shareholders equity accounts is

a) The number of shares issued increases but there is no effect on equity account balances.

b) Stock Dividend Distributable will decrease and Common Shares is increased.

c) Retained Earnings is decreased and Stock Dividends Distributable is increased.

d) Retained Earnings is decreased.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students