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Which change in the corporation stockholders is correct

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Reference no: EM132773700

Problem 1: A corporation declared a 10% stock dividend on 15,000 shares outstanding of $5 par common stock when the fair value was $10 per share. Which change in the corporation's stockholders' equity accounts is correct?

A. Retained earnings is decreased by $15,000.

B. Additional paid-in capital is increased by $15,000.

C. Common stock is decreased by $7,500.

D. Common stock is increased by $15,000

Reference no: EM132773700

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