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On June 30,2017,Stephans,Inc

Question 56

Multiple Choice

On June 30,2017,Stephans,Inc.showed the following data on the equity section of their balance sheet:
On June 30,2017,Stephans,Inc.showed the following data on the equity section of their balance sheet: On July 1,2017,the company declared and distributed a 6% stock dividend.The market value of the stock at that time was $15 per share.Following this transaction,what is total stockholders' equity? A) $1,369,000 B) $1,545,380 C) $1,295,920 D) $1,185,400
On July 1,2017,the company declared and distributed a 6% stock dividend.The market value of the stock at that time was $15 per share.Following this transaction,what is total stockholders' equity?


A) $1,369,000
B) $1,545,380
C) $1,295,920
D) $1,185,400

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