Bridge Corporation issued a 15% stock dividend on 20,000 outstanding shares of $10 stated value...
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Accounting
Bridge Corporation issued a 15% stock dividend on 20,000 outstanding shares of $10 stated value common stock. The distribution was made at the time the market value of the stock was $50 a share. How did this transaction affect the company's total stockholders' equity?
The total balances in equity accounts increased by $150,000.
The sum of the balances in equity accounts increased by $30,000.
The sum of the balances in equity accounts decreased by $150,000.
Total stockholders' equity was not affected by this transaction.
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