Jimmy purchased 1,000 shares of Adco on 6/23/2017 for $25 per share. During the time he owned the stock, he received $1,900 in dividends that resulted in an additional 60 shares of stock. For 2018, Jimmy received a 1099-DIV statement for taxable capital gains of $460. What is the adjusted basis of the stock?

Select one:

a. $27,360

b. $25,000

c. $25,460

d. $26,900

Jimmy purchased 1,000 shares of Adco on 6/23/2017 for $25 per share. During the time he owned the stock, he received $1,900 in dividends that resulted in an additional 60 shares of stock. For 2018, Jimmy received a 1099-DIV statement for taxable capital gains of $460. What is the adjusted basis of the stock?

Based on Jimmys investment history, what is the average cost basis per share of Adco stock?

Select one:

a. $25.81

b. $24.02

c. $25.00

d. $25.38

Jacob purchased a rental property in 2018. The original price of the house was $158,000. Jacob paid real estate taxes of $1,500 on behalf of the seller, which was not reimbursed by the seller. Jacob also paid $3,000 title insurance fee, $5,000 loan assumption fee, and $800 homeowner insurance. What amount is the original basis of the rental property?

Select one:

a. $167,500

b. $162,500

c. $158,000

d. $163,300