A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:
Retained earnings $650,000
Shares issued and outstanding 50,000
Market value per share $25
Par value per share $5
The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
a.$37,500.
b.$ (187,500).
c.$0.
d $ (37,500).
e.$187,500.
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