A stock split by a subsidiary increases the number of shares outstanding,but it does not affect the net assets of the subsidiary or the individual equity accounts.

Name: A stock split by a subsidiary increases the number of shares outstanding,but it does not affect the net assets of the subsidiary or the individual equity accounts.
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Question

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A stock split only increases the number of shares outstanding, and does not affect the underlying net assets or equity accounts of the subsidiary.

A Stock Split by a Subsidiary Increases the Number of Shares