On June 30,2017,Stephans,Inc

question 56

Multiple Choice

On June 30,2017,Stephans,Inc.showed the following data on the equity section of their balance sheet:

On July 1,2017,the company declared and distributed a 6% stock dividend.The market value of the stock at that time was $15 per share.Following this transaction,what is total stockholders' equity?

• A)$1,369,000
• B)$1,545,380
• C)$1,295,920
• D)$1,185,400

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