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Brown Company declares and issues a stock dividend on April 15. What is the effect of this transaction on the balance of retained earnings and

Brown Company declares and issues a stock dividend on April 15. What is the effect of this transaction on the balance of retained earnings and total stockholders' equity, respectively, for Brown? No Effect on Retained Earnings; Decrease Total Stockholders' Equity Increase Retained Earnings; No Effect on Total Stockholders' Equity No Effect on Retained Earnings; No Effect on Total Stockholders' Equity Decrease Retained Earnings; Decrease Total Stockholders' Equity Decrease Retained Earnings; No Effect on Total Stockholders Equity

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