Mr. Smith, a shareholder in the Wolverine Corporation, owns 1,000 shares of their common stock. Mr. Smith receives a 5% stock dividend. After the stock dividend, Mr. Smith will have a:
A) total of 50 shares of Wolverine's common stock.
B) total of 950 shares of Wolverine's common stock.
C) total of 1,000 shares of Wolverine's common stock.
D) total of 1,050 shares of Wolverine's common stock.
Correct Answer:
Verified
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