Jax purchased 200 shares of ABC stock on June 2, 2018, for $1,200. In November 2019,...
Jax purchased 200 shares of ABC stock on June 2, 2018, for $1,200. In November 2019, ABC issued a 10% stock dividend. Jax now owns 220 shares and his basis is __________.
$1,080
$1,200
$1,320
$1,452
Homework Answers
Answer: Option B:$1200
In Stock dividend the number of share will be increased but market value of those share will remain the same.
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