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.
C
Business
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A seller backs out of a purchase contract without having contractual grounds to do so. What type of lawsuit should the buyer bring?
a. Liquidated damages. b. Specific performance. c. Constructive fraud. d. Unlawful detainer.
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Financing statements are effective for how many years?
A) 10 B) 15 C) 1 D) 5
Business