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hmed purchased 500 shares of Exxon Corporation common stock for $50,000 and 1,000 shares of Google Corporation stock for $250,000. On January 20, 2018, Ahmed
hmed purchased 500 shares of Exxon Corporation common stock for $50,000
and 1,000 shares of Google Corporation stock for $250,000. On January 20, 2018, Ahmed
received 100 shares of Exxon as a result of stock dividends. On June 20, Ahmed sold 200 shares
of Exxon for $23,500. Ahmed also received 100 shares of Google Corporation stock as a result
of stock dividend.
Compute: 1) The cost per share of both companies after receiving the stock dividends. 2) Compute
the capital gains/loss that should be included in Ahmeds tax return for 2019.
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