• 2022-06-16
    In
    a reverse stock split:()
    A: the
    number of shares outstanding increases and owners’ equity
    decreases.
    B: the
    firm buys back existing shares of stock on the open market.
    C: the
    firm sells new shares of stock on the open market.
    D: the
    number of shares outstanding decreases but owners’ equity is
    unchanged.
    E: shareholders
    make a cash payment to the firm.