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Unformatted text preview: by Wanchai Corporation affect each of the following accounts on its balance sheet? Retained Total Stock-Earnings holders' Equity 1. Decrease Decrease 2. Decrease No effect 3. No effect Decrease 4. No effect No effect 4. Common stock warrants outstanding should be classified as 1. liabilities. 2. reductions of capital contributed in excess of par value. 3. contra stockholders equity. 4. additions to contributed capital. 5. Which of the following statement is not correct for the effects of stock splits ? 1. The par value decreases. 2. The retained earnings decrease. 3. The number of shares outstanding increases. 4. The total stockholders equity remains the same....
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This note was uploaded on 12/07/2009 for the course ACCT ACCT 203 taught by Professor Kim during the Fall '09 term at HKUST.
- Fall '09
- Treasury Stock