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Bradley Wright owns shares in Legendary River Cruises, an S corporation. Bradley's prior-year adjusted stock basis is $6,000. This year, Bradley bought an additional $2,500
Bradley Wright owns shares in Legendary River Cruises, an S corporation. Bradley's prior-year adjusted stock basis is $6,000. This year, Bradley bought an additional $2,500 in the S corporation's stock. Legendary River Cruises reported Bradley's share of ordinary income at $17,342. What is Bradley's adjusted stock basis at the end of the current year? A.- $6,000 B.- $8,500 C.- $17,342 D.- $25,842
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