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Question
A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date information was available immediately prior to the dividend:
| Retained earnings | $750,000 |
| Shares issued and outstanding | 60,000 |
| Market value per share | $15 |
| Par value per share | $5 |
The amount that total stockholders' equity will increase (decrease) as a result of recording this stock dividend is:
A. $45,000
B. $135,000
C. $(90,000)
D. $(135,000)
E. $0
Answer
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Related questions
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