Patricia owns 100 shares of Nash, Inc. common stock which she purchased for $1600. On May 29 of the current year, Nash issued a 10% proportionate common stock dividend and Patricia received an additional 10 shares, each of which has a value of $20. How much income does Patricia report for this dividend? O $2000 O $1600 O $0 O $200

Patricia owns 100 shares of Nash, Inc. common stock which she purchased for $1600. On May 29 of the current year, Nash issued a 10% proportionate common stock dividend and Patricia received an additional 10 shares, each of which has a value of $20. How much income does Patricia report for this dividend? O $2000 O $1600 O $0 O $200

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 81IIP

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