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On January 1, Edmiston Corporation had 1,600,000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend.

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On January 1, Edmiston Corporation had 1,600,000 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, Edmiston's Paid-in Capital in Excess of Par Value account increased $800.000. Edmiston's total stockholders' equity was unaffected. Edmiston's Stock Dividends account increased $2,400,000. All of these answer choices are correct

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