A corporation declared and issued a 15 stock dividend on

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A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were available immediately prior to the dividend:

Retained Earnings - $750,000

Shares issued and outstanding - $60,000

Market value per share - $15

Par value per share - $5

The amount that the total stockholders' equity will increase (decrease) as a result of recording this stock dividend is?

Reference no: EM13575211

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