On July 15, 2018, Renoir Corporation declared and issued a 15 percent stock dividend. Prior to this dividend, Renoir had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Renoir's common stock on July 15, 2018, was $21 per share. As a result of this stock dividend, by what amount would Renoir's total stockholders' equity increase or decrease?

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The Answer of On July 15, 2018, Renoir Corporation declared and issued a 15 percent stock dividend. Prior to this dividend, Renoir had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Renoir's common stock on July 15, 2018, was $21 per share. As a result of this stock dividend, by what amount would Renoir's total stockholders' equity increase or decrease?

On July 15, 2018, Renoir Corporation Declared and Issued a 15