Mr. Jorgensen, a shareholder in the Best Corporation, owns 10,000 shares of its common stock. Mr. Jorgensen receives a 6% stock dividend. After the stock dividend, Mr. Jorgensen will have a:

Question

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A 6% stock dividend means Mr. Jorgensen receives 6% more shares on his existing 10,000 shares, which is 600 additional shares, totaling 10,600 shares.

Mr Jorgensen, a Shareholder in the Best Corporation, Owns 10,000