On December 31,2014,when JR Corporation's shares were selling at $44 per share,its shareholders' equity accounts were as follows: Common shares (no par value) 100,000 
A 100 percent stock dividend was declared and issued.The effect of this dividend was:
A) Total shareholders' equity did not change.
B) Common shares increased to $5,600,000.
C) Common shares increased to $6,460,000.
D) Total shareholders' equity decreased.
Correct Answer:
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