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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

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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 On September 1, a corporation had 50,000 shares of $5 par value common stock and $1,000,000 of Retained Earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: D. No entry is made for this transaction

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