Nice international originally issues 105000 shares of common stock at a price of 22 per share. A

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Question:

Nice international originally issues 105000 shares of common stock at a price of 22 per share. A year later, distributed a 12% stock dividends to shareholders. At the time of the stock dividend, the share price has increased to 27 per share. Which of the following statements is true?

A) Nice will record sales revenues of 277200

b) Nice will record a loss of 63000

c) Nice will record a gain of 63000

d) Nice will record neither a gain nor loss