8. How would the declaration and subsequent issuance of a 10% stock dividend by the issuer affect each of the following when the fair value of the shares exceeds the par value of the stock?

Common Stock

Additional Paid-in Capital

No effect

No effect

Increase

Increase

No effect

Increase

Increase

No effect

9. On May 1, 2021, Bramble Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Bramble had 198000 shares of $1 par value common stock issued and outstanding. The fair value of Bramble's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Bramble's total stockholders' equity

did not change.

decreased by $455400.

decreased by $23000.

increased by $455400.