Mary, a shareholder in the Doggy Boutique, owns 500 share of their common stock. Mary receives a 10% stock dividend. After the stock dividend, Mary will have:
A) a total of 50 shares of Doggy Boutique common stock.
B) a total of 500 shares of Doggy Boutique common stock.
C) a total of 550 shares of Doggy Boutique common stock.
D) an undetermined number of shares, since the number of shares of stock cannot be determined from the information given.
Correct Answer:
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