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Othelo Corporation declared and issued a 15% stock dividend on November 1. Prior to the dividend, the balance in retained earnings was $350,000, the number

Othelo Corporation declared and issued a 15% stock dividend on November 1. Prior to the dividend, the balance in retained earnings was $350,000, the number of shares of $10 par value stock issued and outstanding was 80,000, and the market value of the stock was $14. The amount of the change in total stockholders' equity as a result of the recording this stock dividend is:

$0
$120,000 increase
$168,000 decrease
$168,000 increase

Othelo Corporation had the following share information and stockholders' equity balances prior to a 2 for 1 stock split:
Common Shares Authorized 900,000
Common Shares Issued 400,000
Common Shares Outstanding 400,000
Common Stock, $2 par $800,000
Additional Paid-in Capital $1,000,000
Retained Earnings $600,000
What is total stockholders' equity after the 2 for 1 stock split? ENTER YOUR RESPONSE WITH NO COMMAS OR DECIMALS

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