On January 1, Edmiston Corporation Had 1,000,000 Ordinary Shares with a $10

Multiple Choice

On January 1, Edmiston Corporation had 1,000,000 ordinary shares with a $10 par value outstanding. On March 31, the company declared a 20% share dividend. Market value was $15/share. As a result of this event,

A) Edmiston's Share Premium-Ordinary account increased $1,000,000.
B) Edmiston's total equity was unaffected.
C) Edmiston's Share Dividends account increased $3,000,000.
D) All of these answer choices are correct.