Saguenay Resort Inc.and Gaspésie Spa Inc.both have 100,000 shares outstanding and both stocks trade for $10 per share.Saguenay Resort Inc.pays a dividend of $1 per share while Gaspésie Spa Inc.pays a 10% stock dividend.After the dividends are paid,the number of shares outstanding for Saguenay Resort Inc.and Gaspésie Spa Inc.,respectively,are:
A) 100,000; 100,000
B) 90,000; 100,000
C) 100,000; 110,000
D) 110,000; 90,000
Correct Answer:
Verified
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A)The same
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