Livingston Company might declare a stock dividend . If it distributed one share of its own stock

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Livingston Company might declare a stock dividend . If it distributed one share of its own stock for each 10 shares of stock outstanding, shareholders would have more shares. No asset decreased, so, in order to maintain equality, equity would [increase / decrease / be unchanged].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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