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Question 11 3 pts Davidson Company has 10,000,000 common shares issued and 600,000 shares of treasury stock. The stock's par value is $2 per share

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Question 11 3 pts Davidson Company has 10,000,000 common shares issued and 600,000 shares of treasury stock. The stock's par value is $2 per share and its current market price is $35 per share. Which of the following is correct when a 15% stock dividend is declared and distributed? Stockholders' Equity will decrease by $52.500 million. Retained earnings will decrease by $49.350 million Stockholders' Equity will decrease by $49.350 million. Retained earnings will decrease by $52.500 million

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