ABC Corp.stock is selling for $30 per share when a 10% stock dividend is declared.If you own 100 shares of ABC Corp.then you will receive:
A) $3.
B) $3 times 100 shares = $300.
C) $300 plus 10 shares of ABC Corp.
D) 10 shares of ABC Corp.

Question

Quizplus · Accepted Answer

A 10% stock dividend means you receive additional shares equal to 10% of the shares you own. If you own 100 shares, you will receive 10 additional shares (10% of 100), not cash.

ABC CorpStock Is Selling for $30 Per Share When a 10