Correct Answer: A stock split.
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Financial Accounting Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Financial Accounting MCQ Questions
Reggy Company expects to have a record year, with net income increasing by 20 percent. Reggy would like to share this increase with stockholders, how would Reggy record this? As a:
Which of the following statements correctly summarizes the key characteristics of a sole trader’s business?
What is the gain or loss on disposal of an asset if at the time of the disposal its cost is $100000, the Bookvalue is $50000, and it sold for $30000?
In calculating the income to be reported for two different segments of a company, general operating expenses must be allocated between the two. How should this allocation be made?
What is not an allowance method for uncollectible receivables?
Which of the following is a cash expense?
An increase in revenue is journaled as a ____.
What is retained earnings considered?
Which accounting assumption states that an enterprise will continue in operation long enough to carry out its existing objectives and commitments?
Which of these typically has a credit balance?