On May 1, 2020, When the Market Value of Jay

question 97

Multiple Choice

On May 1, 2020, when the market value of Jay Ltd.'s common shares was $ 15 per share, the corporation had 100,000 no par value common shares issued and outstanding. On this day, Jay declared and issued a 15% common stock dividend. As a result of this stock dividend, Jay's total shareholders' equity

• A) increased by $ 225,000.
• B) decreased by $ 225,000.
• C) decreased by $ 15,000.
• D) did not change.

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