of On November 15, 2026, Stinson declared a stock dividend of one share for every twenty shares of Stinson held by a stockholder. On that date, when the market price of Stinson stock was $18 per share, there were 360,000 shares of Stinson outstanding. What gain, and net reduction in retained earnings would result from this stock dividend? Select one: O A. Gain - $684,000; Net Reduction in Retained Earnings - $144,000 B. Gain - $0; Net Reduction in Retained Earnings - $1,008,000 C. Gain - $684,000; Net Reduction in Retained Earnings - $324,000 D. Gain - $0; Net Reduction in Retained Earnings - $324,000

On November 15,2026 , Stinson declared a stock dividend of one share for every twenty shares of Stinson held by a stockholder. On that date, when the market price of Stinson stock was $18 per share, there were 360,000 shares of Stinson outstanding. What gain, and net reduction in retained earnings would result from this stock dividend? Select one: A. Gain - $684,000; Net Reduction in Retained Earnings - $144,000 B. Gain - $0; Net Reduction in Retained Earnings - $1,008,000 C. Gain - $684,000; Net Reduction in Retained Earnings - $324,000 D. Gain - \$0; Net Reduction in Retained Earnings - $324,000