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7 February, 02:34

Shannon owns 10,000 shares (10 percent) of the 100,000 outstanding shares of Greenwhite Corporation. If Greenwhite Corporation declares a dividend of 20 percent, Shannon will receive 2,000 shares. She now owns 12,000 shares-or 10 percent-of a total of 120,000 outstanding shares.

what is shannon's total share percentage?

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  1. 7 February, 03:41
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    Total share percentage = 10%

    Explanation:

    The stock dividends do not change the participation of the shareholders unless they sale their new shares.

    Shannon do not sold them, so it keeps their participation at 10%

    before issue of stock dividends:

    10,000/100,000 = 10%

    after stock dividends:

    12,000 / 120,000 = 10%
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