Concin has the following equity accounts on its balance sheet: 
The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account?
A) No change
B) Increase of $225,000
C) Increase of $54,000
D) Increase of $21,600,000
Correct Answer:
Verified
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