On June 30, 2017, Stephans, Inc showed the following data on the equity section of their balance sheet
Stockholders' equity
Common stock, $1 par; 199,000 shares authorized, 157,000 shares issued and outstanding $157,000
Paid-In Capital in Excess of Par-Common $262,000
Retained Earnings 957,000
Total Stockholder's Equity $1,376,000
On July 1, 2017, the company declared and distributed a 6% stock dividend. The market value of the stock at that time was $14 per share. Following this transaction, what is total stockholders' equity?
A) $1,376,000
B) $1,558,140
C) $1,302,860
D) $1,208,840
A
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