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On June 30, 2013, OHara Co. declared and issued a 10 percent stock dividend. Prior to this dividend, OHara had 60,000 shares of $10 par
On June 30, 2013, OHara Co. declared and issued a 10 percent stock dividend. Prior to this dividend, OHara had 60,000 shares of $10 par value common stock issued and outstanding. The market value of OHara Co.s common stock on June 30, 2013 was $24 per share. As a result of the stock dividend, by what amount would OHaras total stockholders equity increase (decrease)?
a. $0
b. $60,000
c. $(60,000)
d. $84,000
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