If the country's exports increase, GDP declines

ABC has 61,000 shares of $16.00 par common stock outstanding. ABC announces a stock split of 4-for-1. What is the effect of the split?

A) par stays at $16.00; total shares increase to 15,250 B) par drops to $8.00; total shares stay at 61,000 C) par drops to $4.00; total shares increase to 244,000 D) par goes to $64.00; total shares increase to 244,000

Adjustments for which of the following involves the cash account?

A) Deferred revenues B) Accrued expenses C) Deferred liabilities D) None of these