Gordon Corporation Reported the Following Equity Section on Its Current

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. What will the total number of shares issued be after the declaration of a 10% stock dividend?

A) 20,000 common shares
B) 44,000 common shares
C) 40,000 common shares
D) 4,000 common shares