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CH15: JENNY Corporation has outstanding 1,000 shares of $100 par value common stock and retained earnings of $50,000. JENNY declares a 10 percent stock dividend;
CH15: JENNY Corporation has outstanding 1,000 shares of $100 par value common stock and retained earnings of $50,000. JENNY declares a 10 percent stock dividend; in other words, it issues 100 additional shares to current stockholders. The fair value of the stock at the time of the stock dividend is $130 per share. As a result of this stock dividend, the company's total stockholders' equity value Select one: a. is increased by $10,000. O b. is decreased by $37,000. O c. did not change. O d. is increased by $3,000. STOCK DIV
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
