The funds for a rollover business start-up corporation come from an individual's 401K plan

Which of the following statements about cash management accounts (CMAs) are true?

A) The cash management account was developed in 1977 by Merrill Lynch. B) The advantage of brokerage-based cash management accounts is that they make it easier to buy and sell securities. C) As a result of CMAs, the distinction between banking activities and the activities of nonbank financial institutions has become more clearly defined. D) All of the above are true. E) Only A and B of the above are true.

Which statement is true about a stock split?

A. Total shareholders' equity increases. B. Total shareholders' equity decreases. C. Total shareholders' equity remains the same. D. A change in total stockholders' equity depends upon whether it is a 2-for-1 split or a 3-for-1 split.