If company declared a 5% stock dividend then it is known that Smiths now own 210 shares.
Given that the Smith family owns 200 shares of Elta stock and the company declared a 5% stock dividend.
We are required to find the number of shares that Smiths own now.
Share is the smallest part of capital of a company.
Dividend is basically the return that a company gives to its shareholders.
Number of shares that Smith own before declaration of dividend=200
Declaration of dividend=5%
Number of shares that Smith own now=200+200*5%
=200+10
=210 shares.
Hence if company declared a 5% stock dividend then it is known that Smiths now own 210 shares.
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