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A Corporation Declared and Issued a 15% Stock Dividend on November

question 34

Multiple Choice

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:
 Retaired earnings $750,000 Shares issued and outstanding 60,000 Market value per share $15 Par value per share $5\begin{array} { | l | r | } \hline \text { Retaired earnings } & \$ 750,000 \\\hline \text { Shares issued and outstanding } & 60,000 \\\hline \text { Market value per share } & \$ 15 \\\hline \text { Par value per share } & \$ 5 \\\hline\end{array}
The amount that total stockholders' equity will increase (decrease) as a result of recording this stock dividend is:

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Definitions:

Polysaccharide

A complex carbohydrate composed of long chains of monosaccharide units bound together, serving as energy stores or structural components in living organisms.

High Heat Capacity

The property of a substance that allows it to absorb a considerable amount of heat without undergoing a significant change in temperature.

Carbonic Acid

A weak acid formed in solution when carbon dioxide dissolves in water.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the air and is absorbed by plants in photosynthesis.

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