What is the effect of the declaration and subsequent issuance of a stock split (effected in the form of a stock dividend) on each of the following?
Retained earnings Paid in Capital
a. No effect no effect
b. No effect Increase
c. Increase decrease
d. decrease increase
A) a
B) b
C) c
D) d
Answer: A
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.