Multiple Choice
On September 1,2014,Clownfish Corporation declared and issued a 15 percent common stock dividend.Prior to this date,Clownfish had 25,000 shares of $2 par value common stock that were both issued and outstanding.The market value of Clownfish' stock was $20 per share at the time the dividend was issued.As a result of this stock dividend,Clownfish' total stockholders' equity
A) decreased by $37,5000.
B) decreased by $375,000.
C) increased by $375,000.
D) did not change.
Correct Answer:
Verified
Correct Answer:
Verified
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