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Judd Harrison owns 2 0 0 shares of stock in the Widget Company for which he paid $ 1 , 6 0 0 in 1

Judd Harrison owns

200

shares of stock in the Widget Company for which he paid $

1, 600

1999 .

The board of directors of the company decided to pay a

10

percent stock dividend in April

2020,

for which Judd received

20

shares of stock.

Was this a taxable stock dividend?

Explain.

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