Lett corp declared and issued a 15 stock dividend when

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Reference no: EM13481627

Lett Corp declared and issued a 15% stock dividend when they had 100,000 shares of common stock issued and outstanding. The market price of the stock was $20 per share on the declaration date. As a result of the stock dividend, Lett's total stockholder's equity

increased by $300,000
decreased by $300,000
decreased by $15,000
did not change

Reference no: EM13481627

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