Question: On May 1 , 2 0 2 6 , Indigo Corp. declared and issued a 1 0 % common stock dividend. Prior to this dividend,

On May 1,2026, Indigo Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Indigo had 192000 shares of $1 par value common stock issued and outstanding. The fair value of Indigo's common stock was $23 per share on May 1,2026. As a result of this stock dividend, Indigo's total stockholders' equity
decreased by $441600.
did not change.
increased by $441600.
decreased by $23000.
On May 1,2026, Indigo Corp. declared and issued a 10% common

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