$75.$ Bills Fruit Distributors, Inc. reported the following information on its recent balance sheet:Common stock, $$8$ par, $1,000,000$ shares authorized, $120,000$ shares issued and outstanding.What is the effect of a $3-$for$-1$ stock split if the market value of the common stock is $$20$ per share at the time the stock split is declared?

a$.$Total stockholders' equity increases $$1,440,000.$

b$.$ After the split the market value of the stock will be $$60.$

C$.$A stock split has no effect on the stockholders' equity account balance.

d$.$ $$1,600,000$ of retained earnings is transferred to the common stock account.

$76.$ Refer to Bill's Fruit Distributors, Inc. in # $75$ above. What is the effect of a $10\%$ stock dividend if the market price of the common stock is $$20$ per share when the stock dividend is declared?

$$Total stockholders equity increases $$96,000.$

$$After the stock dividend the market value of the stock will be $$22.$

$$A stock dividend has no effect on any of the stockholders' equity account balances.

$$$$240,000$ of retained earnings is transferred to the capital stock account.