Question

The accounting cycle begins with preparing an unadjusted trial balance. Group of answer choices False True...

The accounting cycle begins with preparing an unadjusted trial balance.

Group of answer choices

False

True

When a corporation completes a 3-for-1 stock split

Group of answer choices

the market price per share of the stock and the par value per share is decreased

only the par value per share is decreased

the ownership interest of current stockholders is decreased

only the market price per share of the stock is decreased

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Answer #1

The accounting cycle begin with preparing an unadjusted trial balance

False.

The accounting cycle doesnt begin with preparing an unadjusted trial balance. As unadjusted trail balance is not the accounting cycle first step. Adjusted trail balance is considered and not unadjusted trail balance.

The market price per share of the stock amd the par value per share is decreased.

In case of 3 to 1 split, every share will be splited into 3 shares that means total no of shares increases and par value per share will be decreased.

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