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

Multiple Choice

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.