A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:?Retained earnings$750,000Shares issued and outstanding 60,000Market value per share$15Par value per share$5The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
A. $45,000.
B. $(135,000).
C. $(45,000).
D. $0.
E. $135,000.
Answer: E
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