Saguenay Resort Inc.and Gaspésie Spa Inc.both have 100,000 shares outstanding and both shares currently trade at $10 per share.Saguenay Resort Inc.pays a dividend of $1 per share while Gaspésie Spa Inc.distributes a 10% stock dividend.After the dividends are paid/distributed, the number of shares outstanding for Saguenay Resort Inc.and Gaspésie Spa Inc., respectively, are:

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- Saguenay Resort Inc. pays $1 dividend per share, so the total dividend payment is 100,000 shares x $1 = $100,000. The number of shares outstanding remains the same at 100,000.
- Gaspésie Spa Inc. distributes a 10% stock dividend, which means the company issues an additional 10% of shares to its shareholders as a dividend. The total number of shares distributed as a stock dividend is 100,000 x 10% = 10,000 shares. The new total number of shares outstanding is 100,000 + 10,000 = 110,000.