A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date information was available immediately prior to the dividend:
The amount that total stockholders' equity will increase (decrease) as a result of recording this stock dividend is:
A) $45,000
B) $135,000
C) $(90,000)
D) $(135,000)
E) $0
Correct Answer:
Verified
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