On January 1, McCarver Corporation Had 800,000 Shares of $10

Multiple Choice

On January 1, McCarver Corporation had 800,000 shares of $10 par value common stock outstanding.On March 31, the company declared a 10% stock dividend.The market value of the stock was $15/share.As a result of this event,

A) McCarver's Paid-in Capital in Excess of Par Value account increased $400,000.
B) McCarver's total stockholders' equity was unaffected.
C) McCarver's Stock Dividends account increased $1,200,000.
D) All of these answer choices are correct.