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On May 1, 2021, Crane Company declared and issued a 10% common stock dividend. Prior to this dividend, Crane had 190000 shares of $1 par

On May 1, 2021, Crane Company declared and issued a 10% common stock dividend. Prior to this dividend, Crane had 190000 shares of $1 par value common stock issued and outstanding. The fair value of Crane's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Crane's total stockholders' equity O decreased by $23000. O decreased by $437000. O did not change. O increased by $437000

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