Apira has 7,500 shares of common stock outstanding. A stockholder has 250 shares. If Apira distributes a 20% stock dividend, how many shares of Apira will the stockholder have after the dividend?

Question

Quizplus · Accepted Answer

A 20% stock dividend means the stockholder will receive 20% more shares based on the number they currently own. Therefore, 250 shares * 20% = 50 additional shares. Adding these to the original 250 shares, the stockholder will have 300 shares in total.

Apira Has 7,500 Shares of Common Stock Outstanding