PART I. Multiple-choice Problems (3 points each) 1. On May


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PART I. Multiple-choice Problems (3 points each) 1. On May 1, 2022, Ziek Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Zick had 200,000 shares of $1 par value common stock issued and outstanding. The fair value of Ziek 's common stock was $25 per share on May 1, 2022. As a result of this stock dividend, Ziek's total stockholders' equity a. increased by $500,000. b. decreased by $500,000. c. decreased by $25,000. d. did not change.

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