Louisiana State University, Shreveport ACC ACC 701 For the year that just ended, a company reports net income of…
Emerald Co. has 50,000 shares at $12 par common stock outstanding. If the company decides to declare a 2-to-1 stock split, the total stockholders’ equity will:
a. increase by $300,000
b. increase by $600,000
c. not change
d. decrease by $50,000
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