On June 30, 2014, Lynch Co declared and issued a 1 . 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, 2014, was $24 per share. As a result of this stock dividend, by what amount would Lynch's total stockholders' equity increase (decrease)?
a. $0
b. $75,000
c. $70,000
d. $(70,000)
A
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