A corporation declared and issued a 15% stock dividend on November 1.Prior to the dividend,the balance in retained earnings was $850,000,the number of shares of $5 par value stock issued and outstanding was 60,000,and the market value of the stock was $12.The amount of the change in total stockholders' equity as a result of recording this stock dividend is:
A)$0.
B)$45,000 increase.
C)$108,000 decrease.
D)$63,000 decrease.

Question

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The Answer of A corporation declared and issued a 15% stock dividend on November 1.Prior to the dividend,the balance in retained earnings was $850,000,the number of shares of $5 par value stock issued and outstanding was 60,000,and the market value of the stock was $12.The amount of the change in total stockholders' equity as a result of recording this stock dividend is:
A)$0.
B)$45,000 increase.
C)$108,000 decrease.
D)$63,000 decrease.

A Corporation Declared and Issued a 15% Stock Dividend on November