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Business, 30.10.2021 01:50 KindaSmartPersonn

Collins, Inc. issued a nontaxable stock dividend of one share for each share owned. Melissa, a shareholder of Collins, had a total basis in her 500 shares of stock of $5,000. The total basis of Melissa's 1,000 shares of stock after the dividend is . Multiple choice question. $10,000 $2,500 $5,000

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Collins, Inc. issued a nontaxable stock dividend of one share for each share owned. Melissa, a share...
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