Cody's Western Wear Has 2,000 Shares of $10 Par Value

question 13

Multiple Choice

Cody's Western Wear has 2,000 shares of $10 par value common stock outstanding.During the current year,the company distributed a 10% stock dividend.The market value of the stock at that time was $16 per share.Cody's total stockholders' equity should increase or decrease by:

• A)$0.
• B)$1,200.
• C)$2,000.
• D)($3,200).

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