The board of directors declared a stock dividend for one new share of common stock for each two shares held. On the declaration date, there were 5,000 shares outstanding. Before the stock dividend, Jeannie owned 1,000 shares or 20% of the outstanding shares (1,000 ÷ 5,000). After the stock dividend, she will own % of the outstanding shares.

Answer rating: 100% (QA)

Before the stock dividend Jeannie owned 1000 shares o... View the full answer