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On June 30,2015,Stephans Inc

Question 23

Multiple Choice

On June 30,2015,Stephans Inc.showed the following data on the equity section of their balance sheet: On June 30,2015,Stephans Inc.showed the following data on the equity section of their balance sheet: On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the total stockholders' equity? A) $1,340,000 B) $1,500,000 C) $1,260,000 D) $1,214,000 On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the total stockholders' equity?


A) $1,340,000
B) $1,500,000
C) $1,260,000
D) $1,214,000

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