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Submitted 209 days ago...

Iapetus699

Iapetus699

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2-for-1 common stock split

A company declared a 2-for-1 common stock split, but this transaction was erroneously recorded as a 100% common stock dividend. as a result:
A The corporate records do not show the correct nuber of shares of common stock outstanding.
B The par value per share is understated.
C Ther common stock account is overstated.
D The total dollaar amount of stockholders' equity is overstated.
I think D.

 
 
 
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