On September 30, 2018, Saucier Company declared a 5% stock dividend when its stock was selling for

Question:

On September 30, 2018, Saucier Company declared a 5% stock when its stock was selling for $10 per share. As a result, Saucier Company will issue 20,000 additional shares of its $2 common stock. All outstanding shares were originally issued for $6 per share. What will be the decrease to stockholders' equity as a result of the declaration and of the stock $0
b) $60,000
c) $200,000
d) $20,000
Distribution
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