Multiple Choice
On May 1, 2014, when the market value of Jay Ltd.'s common shares was $15 per share, the corporation had 100,000 no par value common shares issued and outstanding.On this day, Jay declared and issued a 15% common stock dividend.As a result of this stock dividend, Jay's total shareholders' equity
A) increased by $225,000.
B) decreased by $225,000.
C) decreased by $15,000.
D) did not change.
Correct Answer:
Verified
Correct Answer:
Verified
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