As a Minimum, How Large in Relation to Total Outstanding

question 9

Multiple Choice

As a minimum, how large in relation to total outstanding shares may a stock distribution be before it should be accounted for as a large stock dividend instead of as a small stock dividend?

• A) no less than 2% to 5%
• B) no less than 10% to 15%
• C) no less than 20% to 25%
• D) no less than 45% to 50%