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
Correct Answer:
Verified
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