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What is the effect of declaring a stock dividend on the liabilities and stockholders' equity...

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Accounting

What is the effect of declaring a stock dividend on the liabilities and stockholders' equity section of the balance sheet?

a. No effect on total liabilities and a decrease in total stockholders' equity

b. No effect on total liabilities and total stockholders' equity

c. An increase in total liabilities and a decrease in total stockholders' equity

d. A decrease in total liabilities and an increase in total stockholders' equity

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