Mr Smith, a Shareholder in the Wolverine Corporation, Owns 1,000

question 31

Multiple Choice

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.

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Definitions:

Adjudicated Insane

Adjudicated Insane is a legal determination that an individual is not mentally competent to manage their affairs due to mental illness.

Guardian Appointed

The designation of a person by a court to care for and make decisions for someone unable to do so themselves, such as a minor or an incapacitated adult.

Contracts Voidable

Agreements that may be declared invalid by one or more of the parties involved due to reasons such as fraud, duress, or incapacity, but remain effective unless voided.

Age of Majority

The legally defined age at which a person is considered an adult, with full legal rights and responsibilities.