On January 1, Edison Corporation had 1,000,000 shares of $10 par value common stock outstanding.On March 31, the company declared a 20% stock dividend.The market value of the stock was $18 per share.As a result of this event,
A)Edison's Paid-in Capital in Excess of Par account increased $1,600,000.
B)Edison's total stockholders' equity was unaffected.
C)Edison's Stock Dividends account increased $3,600,000. d All of these answers are correct.
Correct Answer:
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