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Nice International originally issued 116,000 shares of common stock at a price of $25 per share. A year later, it distributed a 10% stock dividend

Nice International originally issued 116,000 shares of common stock at a price of $25 per share. A year later, it distributed a 10% stock dividend to shareholders. At the time of the stock dividend, the share price had increased to $30 per share. Which of the following statements is true?

A.

Nice will record a loss of $58,000.

B.

Nice will record sales revenues of $290,000.

C.

Nice will record a gain of $58,000.

D.

Nice will record neither a gain nor a loss.

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