Mary, a Shareholder in the Doggy Boutique, Owns 500 Share

question 50

Multiple Choice

Mary, a shareholder in the Doggy Boutique, owns 500 share of their common stock, which represents 20% of the outstanding common stock of Doggy Boutique. Mary receives a 10% stock dividend. After the stock dividend, Mary will have:

• A)a 30 % ownership in Doggy Boutique's common stock.
• B)a 20% ownership in Doggy Boutique's common stock.
• C)a 10% ownership in Doggy Boutique's common stock.
• D)an undetermined ownership percentage in Doggy Boutique.

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