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Jeremy owns 100 shares of Astro, Inc. common stock, During the year, Astro paid a stock dividend with all of its shareholders receiving one additional
Jeremy owns 100 shares of Astro, Inc. common stock, During the year, Astro paid a stock dividend with all of its shareholders receiving one additional share of stock for every ten shares they own. Jeremy received 10 shares, worth $200, as a result of the distribution. Based on the information available, Jeremy must recognize as result of the distribution
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