When a company splits its common stock 3 for 1: Select one: a. total paid-in...
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Accounting
When a company splits its common stock 3 for 1:
Select one:
a. total paid-in capital increases by a factor of 3.
b. retained earnings is decreased by the market value of the shares issued.
c. the market value of the company's stock normally falls by two-thirds.
d. the stockholders are assured of receiving larger cash dividends.
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