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

question 131

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:

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