On January 1, 2010, Susann, Inc. declared a 15% stock dividend on its common stock when the market value of the common stock was $20 per share. Shareholders' equity before the stock dividend was declared consisted of: 
What happened to retained earnings as a result of the stock dividend declaration?
A) $6,000 decrease
B) $7,500 decrease
C) $15,000 decrease
D) No change
Correct Answer:
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