The stockholders' equity section of the balance sheet for Scuba Gear Corporation appeared as follows before its recent stock dividend: Common stock, $5 par, 100,000 shares issued and outstanding $ 500,000 Additional paid-in capital 100,000 Retained earnings 725,000 Total stockholders' equity $1,325,000 Scuba Gear declared a 10% stock dividend when the market price per share was $8 . After the
stock dividend was distributed, the components of the stockholders' equity section were: Common Stock Add'l. Paid-in Capital Retained Earnings
a.
$580,000 $100,000 $645,000
b.
$550,000 $100,000 $675,000
c.
$550,000 $130,000 $645,000
d. There would be no change in the components of stockholders' equity.
c
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