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Candace purchased 200 shares of Green Corporation for $4,000. During the current year, Green declared a nontaxable 5% stock dividend. What is the basis per
Candace purchased 200 shares of Green Corporation for $4,000. During the current year, Green declared a nontaxable 5% stock dividend. What is the basis per share before and after the stock dividend is distributed (rounded)?
A)
Before | After |
$20.00 | $19.05 |
B)
Before | After |
$20.00 | $18.18 |
C)
Before | After |
$18.18 | $18.18 |
D)
Before | After |
$19.05 | $20.00 |
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