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Business, 04.06.2021 01:40 kedjenpierrelouis
A customer holds 1,000 shares of ABC stock valued at 80 in a margin account. The debit balance in the account is $35,000. ABC declares and pays a 20% stock dividend. The tax consequence of the distribution to the investor will be: A portfolio income when received B capital gain when received C reduction of cost basis per share D passive income at time received
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A customer holds 1,000 shares of ABC stock valued at 80 in a margin account. The debit balance in th...
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