Answer Happy

1. Indicate the proper order of the following accounts listed in the equity section: 1) Treasury Stock 2) Common Stock 3) Preferred Stock 4) Paid-in Capital in Excess of Par-Common Stock a) 2, 1, 3, 4 b) 3, 2, 1,4 c) 2, 3, 1, 4 d) 3, 2, 4, 1 e) 2, 1,4,3
4. What is the most likely effect of a stock split on Par Value per Share and Total Equity? a) b) Par Value per Share Decrease Decrease Increase No effect No effect Total Equity Increase No effect Increase No effect Increase