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Diego purchased 200 shares of ABC stock on June 2, 2014, for $1,200. In November 2015, ABC issued a 10% stock dividend. How many shares
Diego purchased 200 shares of ABC stock on June 2, 2014, for $1,200. In November 2015, ABC issued a 10% stock dividend. How many shares does Diego own now, and what is his basis?
A) 220 shares, $1080 basis
B) 220 shares, $1200 basis
C) 220 shares, $1320 basis
D) 220 shares, $1452 basis
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