Ask Question
BusinessBusiness
15 December, 16:32

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?

+1
Answers (1)
  1. 15 December, 20:31
    0
    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%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Shannon owns 10,000 shares (10 percent) of the 100,000 outstanding shares of Greenwhite Corporation. If Greenwhite Corporation declares a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
At what governmental level are corporate charters issued?
Answers (1)
You are the manager of the packaging department in a cookie factory. (Obviously, the packaging employees cannot eat the cookies that are transferred in during the period.
Answers (1)
The number of days' sales in receivables a. is an estimate of the length of time the receivables have been outstanding. b. is not used. c. measures the number of times the receivables turn over each year. d. is Average Receivables / Sales.
Answers (1)
Dream House Builders, Inc. applies overhead by linking it to direct labor. At the start of the current period, management predicts total direct labor costs of $100,000 and total overhead costs of $20,000.
Answers (1)
Which of the following statements is false concerning the use of ABC in service industries? a. In most service industries, a large portion of overhead costs are company-wide costs. b.
Answers (1)
New Questions in Business
Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $11 Variable selling and administrative expenses per unit $1.
Answers (1)
What is NOT one of the three primary resources that families have to reach financial goals?
Answers (1)
Interest groups ___. Are most often set up by or work for elites and corporations Work to influence laws and policies Work to influence court rulings All of these answers
Answers (1)
What if the tile work had proceeded as contracted and looked good, but STR refused to pay, saying it didn't meet their personal satisfaction (even though the contract didn't mention this option). Could STR refuse to pay?
Answers (1)
You want to create a slide that lists the pros and cons of using cloud storage as part of your presentation on business technology. Which pre-set layout would you want to use? A. Content with caption B. Title only C.
Answers (2)
Home » Business » 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.
Sign Up Forgot Password?