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On January 1, Blossom Company had 810000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend.

image text in transcribed On January 1, Blossom Company had 810000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend. Market value of the stock was \$15/share. As a result of this event, Blossom's Paid-in Capital in Excess of Par Value account increased $405000. Blossom's total stockholders' equity was unaffected. Blossom's Stock Dividends account increased $1215000. All of these answer choices are correct

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