On September 1, 2011, Steelers Corporation declared and issued a 20 percent common stock dividend. Prior to this date, Steelers had 20,000 shares of $2 par value common stock that were both issued and outstanding. The market value of Steelers' stock was $20 per share at the time the dividend was issued. As a result of this stock dividend, Steelers' total stockholders' equity

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Quizplus · Accepted Answer

A stock dividend does not change the total stockholders' equity; it only transfers amounts within equity accounts.

On September 1, 2011, Steelers Corporation Declared and Issued a 20