The declaration and distribution of a 2-for-1 stock split results in a reduction of retained earnings.

The primary difference between a change in supply and a change in the quantity supplied is that:

A) a change in quantity supplied is a movement along the supply curve,while a change in supply is a shift in the supply curve.
B) both a change in quantity supplied and a change in supply are movements along the supply curve,only in different directions.
C) a change in supply is related to the supply curve,while a change in quantity supplied is related to shifts in the demand curve that shift the supply curve.
D) a change in supply is a movement along the supply curve,while a change in quantity supplied is a shift in the supply curve.

If the company has budgeted to sell 15,000 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:

A) $120,000
B) $130,000
C) $150,000
D) $170,000