On June 30, 2020, Lynch Co. declared and issued a 15 percent stock dividend. Prior...
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On June 30, 2020, Lynch Co. declared and issued a 15 percent stock dividend. Prior to this dividend, Lynch had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Lynch Co.'s common stock on June 30, 2020, was $24 per share. As a result of this stock dividend, by what amount would Lynch's total stockholders' equity increase (decrease)? o $75,000 O $105,000 O $(180,000) O $0
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