Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share.
What will the total number of shares issued be after the declaration and distribution of a 10% stock dividend?
A) 20,000 common shares
B) 154,000 common shares
C) 140,000 common shares
D) 14,000 common shares
Correct Answer:
Verified
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