When a corporation completes a 3-for-1 stock split the ownership interest of cur
ID: 2486522 • Letter: W
Question
When a corporation completes a 3-for-1 stock split
the ownership interest of current stockholders is decreased
the market price per share of the stock is decreased
the par value per share is decreased
b and c
Which of the following is not true about managerial accounting reports?
They provide objective measures of past operations and subjective estimates that affect future decisions.
They must report on the company as a whole.
They may be provided at any time management needs information.
They may be prepared to report information for any unit of the business to support decision making.
the ownership interest of current stockholders is decreased
the market price per share of the stock is decreased
the par value per share is decreased
b and c
Explanation / Answer
b and c
the market price per share of the stock is decreased and
the par value per share is decreased
They must report on the company as a whole.
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