Multiple Choice Question 175 Your answer has been saved and sent for grading. On January 1, Sheridan Corporation had 740000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15% stock dividend. Market value of the stock was $20/share. As a result of this event, Sheridan Paid-in Capital in Excess of Par account increased $1110000 Sheridan total stockholders' equity was unaffected. Sheridan Stock Dividends account increased $2220000. All of these answers are correct