Final answer:
After receiving a 6 percent stock dividend on her 1,000 shares of Barton Creek Corporation, Bonnie would own a total of 1,060 shares. The correct answer is option a.
Step-by-step explanation:
Bonnie owned 1,000 shares of Barton Creek Corporation worth $24 a share when the company declared a 6 percent stock dividend. A stock dividend is a dividend payment made in the form of additional shares rather than a cash payout. Companies may decide to distribute this type of dividend to shareholders if the company's availability of liquid cash is in short supply. Such dividends are issued according to the percentage of the stock that the investor already owns.
In Bonnie's case, a 6 percent dividend on her 1000 shares means she will receive an additional 6% of her current holdings in extra shares. This calculation is done by multiplying the number of shares she owns (1000) by the dividend percentage (6%).
1000 shares * 6% = 60 additional shares
After receiving the stock dividend, Bonnie would own her original 1000 shares plus the additional 60 shares, giving her a total of 1,060 shares. Therefore, the correct answer to the question is a. 1,060 shares.