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By what amount would hara total stockholders equity increase

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Question - On June 30, 2011, O'Hara Co. declared and issued a 10 percent stock dividend. Prior to this dividend, O'Hara had 60,000 shares of $10 par value common stock issued and outstanding. The market value of O'Hara Co.'s common stock on June 30, 2011, was $25 per share. As a result of this stock dividend, by what amount would O'Hara's total stockholders' equity increase (decrease)?

a. $0

b. $60,000

c. $84,000

d. $(84,000)

Reference no: EM131796718

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