Multiple Choice
On May 1, 2014, Ziek Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Ziek had 200,000 shares of $1 par value common stock issued and outstanding. The fair value of Ziek 's common stock was $20 per share on May 1, 2014. As a result of this stock dividend, Ziek's total stockholders' equity
A) increased by $400,000.
B) decreased by $400,000.
C) decreased by $20,000.
D) did not change.
Correct Answer:
Verified
Correct Answer:
Verified
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