subject
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?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, PatrickHB
The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?
Answers: 1
image
Business, 22.06.2019 14:50, demarcuswiseman
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
image
Business, 22.06.2019 19:00, RoyalGurl01
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
image
Business, 22.06.2019 23:00, sergiogautosg15
The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading
Answers: 2
You know the right answer?
Carter purchased 100 shares of stock for $50 per share. ten years later, carter died on february 1 a...

Questions in other subjects: