Salty's Seafood has 2,000 shares of $10 par common stock outstanding.During the current year,the company distributed a 10% stock dividend.The market value of the stock at that time was $16/share.After the distribution,Salty's total Stockholders' Equity should increase or decrease by:
A) ($3,200) .
B) $2,000.
C) $1,200.
D) $0.
Correct Answer:
Verified
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