A corporation issued a 10% stock dividend during its current fiscal year. The market value of the stock was $20 per share at the time the dividend was issued. One million shares of stock were outstanding. The par value of the stock was $1 per share. Which of the following correctly identifies the effect on the financial statement of this transaction? Assets A. increase Equity. decrease Net Income B. no effect decrease no effect no effect C. no effect no effect no effect D. no effect decrease decrease E. none of the above ABCDE OA OB OD OE O O O O O