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Which of the following is a true statement regarding the effect of a stock split and stock dividend ...

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Which of the following is a true statement regarding the effect of a stock split and stock dividend ...

Which of the following is a true statement regarding the effect of a stock split and stock dividend on total assets or liabilities?
A) Both a stock split and a stock dividend will increase total liabilities.
B) A stock split will increase total assets, but a stock dividend will not.
C) Both a stock split and a stock dividend will decrease total assets.
D) Neither a stock split nor a stock dividend will affect total assets or total liabilities.

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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H3Ko Author

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8 years ago

I just realized you had posted this! Thanks so much

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