Question: A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were available immediately prior to the dividend: Retained Earnings

A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were available immediately prior to the dividend:
Retained Earnings - $750,000
Shares issued and outstanding - $60,000
Market value per share - $15
Par value per share - $5
The amount that the total stockholders equity will increase (decrease) as a result of recording this stock dividend is:
A. $45,000
B. $135,000
C. $(90,000)
D. $(135,000)
E. $0

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