Question: On July 1 5 , 2 0 2 2 , Renoir Corporation declared and issued a 1 5 percent stock dividend. Prior to this dividend,

On July 15,2022, Renoir Corporation declared and issued a 15 percent stock dividend. Prior to this dividend, Renoir had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Renoir's common stock on July 15,2022, was $21 per share. As a result of this stock dividend, by what amount would Renoir's total stockholders' equity increase or decrease?
A. $75,000 increase
B. $157,500 decrease
C. $0
D. $75,000 decrease
On July 15,2022, Renoir Corporation declared and issued a 15 percent

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