Which of the following describes,in part,how the declaration of a stock dividend affects the elements of the financial statements?

Name: Which of the following describes,in part,how the declaration of a stock dividend affects the elements of the financial statements?
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Question

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A stock dividend is an equity exchange transaction.A stock dividend decreases retained earnings,increases common stock,and increases paid-in capital in excess of par value-common stock.There is no effect on total stockholders' equity.

Which of the Following Describes,in Part,how the Declaration of a Stock