Business, 23.07.2019 00:10 svarner2001
Carter purchased 100 shares of stock for $50 per share. ten years later, carter died on february 1 and bequeathed the 100 shares of stock to a relative, boone, when the stock had a market price of $100 per share. one year later, on april 1, the stock split 2 for 1. boone gave 100 shares of the stock to another of carter's relatives, dixon, on june 1 that same year, when the market value of the stock was $150 per share. what was dixon's basis in the 100 shares of stock when acquired on june 1?
Answers: 3
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Carter purchased 100 shares of stock for $50 per share. ten years later, carter died on february 1 a...
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