When a corporation declares a stock split, it usually does so because
A) the firm's retained earnings are excessive.
B) there are too many shares of stock outstanding.
C) investors sometimes require nontaxable returns.
D) it wants to make its stock more affordable to average investors.
Answer: D
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When evaluating a decision based on the ethical norm of rights, a manager is MOST likely to consider which of the following questions?
A) Is the decision consistent with what we regard as fair? B) Does the decision respect the individuals involved? C) Is the decision consistent with people's responsibilities to each other? D) Does the decision optimize the benefits for those who are affected by it? E) Does the decision comply with current legislation?
Goodwill is recorded only when the purchase price exceeds the market value of the net liabilities in the acquisition of another company
Indicate whether the statement is true or false