On May 20,Team Shirts Paid a 10% Stock Dividend to Shareholders

question 123

Short Answer

On May 20,Team Shirts paid a 10% stock dividend to shareholders of record on June 15.
On June 15,there were 100,000 shares of stock outstanding.How many shares of Team Shirts' stock were outstanding after the stock dividend was paid?

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Definitions:

Sales Interactions

Exchanges between a salesperson and a customer that aim to address the customer's needs and result in a sale.

Orderly Fashion

A method or process that is organized and follows a systematically arranged sequence.

Natural Cycles

Regular and predictable patterns occurring in the natural environment, such as seasons, tides, and life cycles.

Psychological Time

An individual's subjective experience and perception of time, which can vary significantly from actual chronological time.