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Suleman purchased 100 shares of Green Corporation for $1,200. During the current year, Green declared a nontaxable 5% stock dividend. What is the basis per

Suleman purchased 100 shares of Green Corporation for $1,200. During the current year, Green declared a nontaxable 5% stock dividend. What is the basis per share before and after the stock dividend is distributed (rounded)? (LABEL AND SHOW ALL WORK WITH CALCULATIONS)

A)

Before

After

$12

$11.43

B)

Before

After

$12

$12

C)

Before

After

$11

$12

D)

Before

After

$11.43

$12

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