On January 1, Concord Corporation had 1300000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend. Market value of the stock was $12/share. As a result of this event,
Concord’s Paid-in Capital in Excess of Par Value account increased $390000.
Concord’s total stockholders’ equity was unaffected.
Concord’s Stock Dividends account increased $2340000.
All of these answers choices are correct.