ash062701
ash062701
16.04.2020 • 
Business

Cole owns 2,000 shares of stock in Chase Corporation, worth $75 per share. The 2,000 shares were purchased in 2011 for $48 per share. In 2017, the corporation issues a 10% stock dividend to all common shareholders with an option of receiving either the stock or the cash equivalent of $26,000. Cole selected the stock. Cole’s gross income from the above is:

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