On July 15,2015,Renoir Corporation declared and issued a 15 percent stock dividend.Prior to this dividend,Renoir had 50,000 shares of $10 par value common stock issued and outstanding.The market value of Renoir's common stock on July 15,2015,was $21 per share.As a result of this stock dividend,by what amount would Renoir's total stockholders' equity increase or decrease?

Question

Quizplus · Accepted Answer

A stock dividend does not change the total stockholders' equity; it only transfers amounts within equity accounts.

On July 15,2015,Renoir Corporation Declared and Issued a 15 Percent