Question
Salma purchased 200 shares of Tesla Corp. Common stock on January 1, 2019 for $264,000. On December 15 of 2019, Tesla Corp, issued a 20%
Salma purchased 200 shares of Tesla Corp. Common stock on January 1, 2019 for $264,000. On December 15 of 2019, Tesla Corp, issued a 20% common stock dividend giving him 40 additional shares. Salama s basis in each share of common stock after the dividend is
| A. | $1,000. | |
| B. | $1,320. | |
| C. | None of the above. | |
| D. | $1,100. | |
| E. | $9,00. |
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
6th Edition
978-0730363415, 0730363414
