Stockholder''s equity, Financial Accounting

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1. 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
1. increased by $300,000
2. decreased by $300,000
3. decreased by $15,000
4. did not change


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