On June 30,2015,Stephans Inc.showed the following data on the equity section of their balance sheet: 
On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the total stockholders' equity?
A) $1,340,000
B) $1,500,000
C) $1,260,000
D) $1,214,000
Correct Answer:
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