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Business, 27.11.2019 04:31 lambobacon9467

An investor purchased 100 shares of mjs on june 19, 2015 at a price of $40 per share. on june 1, 2016, mjs declared a 25% stock dividend. on july 1, 2016, the investor sold 50 shares of the mjs at $50 per share.
which of the following statements are correct?
i. the adjusted cost basis of the shares is $30
ii. the adjusted cost basis of the shares is $32
iii. there is a short-term capital gain on 25 shares, long-term gain on the other 25 shares
iv. there is a long-term capital gain on all of the shares sold

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An investor purchased 100 shares of mjs on june 19, 2015 at a price of $40 per share. on june 1, 201...

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