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| Depoole Company is a manufacturer of industrial products that uses a calendar year for financial reporting purposes. Assume that total quick assets exceeded total current liabilities both before and after the transaction described. Further assume that Depoole has positive profits during the year and a credit balance throughout the year in its retained earnings account.Depoole’s issuance of new shares in a five-for-one split of common stock would: A. Decreases the book value per share of common stock. B. Increases the book value per share of common stock. C. Increases total equity. D. Decreases total equity. |