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Business, 17.03.2020 02:26 gomez36495983

Bugs McGee receives a 25% nontaxable stock dividend (25 shares) of Roberto Corporation common stock with a fair market value on the date of distribution of $1,000. Bugs previously owned 100 shares of Roberto Corporation common stock which he purchased ten years ago for $8,000.a) The basis per share of the 25 shares of Roberto Corporation stock is:b) The new basis per share of the original 100 shares of Roberto Corporation stock is:

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Bugs McGee receives a 25% nontaxable stock dividend (25 shares) of Roberto Corporation common stock...
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