Ara. Mina, Rosa, Linda and Babes own 20% each out of 1,000 shares issued and outstanding of ABS GMA Corporation. On December 21, 2018 the corporation declared 10% common stock dividends giving the stockholders the option to choose property or stock dividend. Rosa and Linda opted property dividend while the rest chose stock dividend much is the.dividend income of Rosa if the market value of the stocks IS Р30 How
Ara. Mina, Rosa, Linda and Babes own 20% each out of 1,000 shares issued and outstanding of ABS GMA Corporation. On December 21, 2018 the corporation declared 10% common stock dividends giving the stockholders the option to choose property or stock dividend. Rosa and Linda opted property dividend while the rest chose stock dividend much is the.dividend income of Rosa if the market value of the stocks IS Р30 How
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 81IIP
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![2. Ara. Mina, Rosa, Linda and Babes own 20% each out of 1,000 shares
issued and outstanding of ABS GMA Corporation. On December 21, 2018
the corporation declared 10% common stock dividends giving the
stockholders the option to choose property or stock dividend Rosa and
Linda opted property dividend while the rest chose stock dividend How
much is the dividend income of Rosa if the market value of the stocks is
Р30
a. None
b. The dividends received are not taxable.
С. Р 300
d.
600
CS Scanned with CamScanner](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08ef3718-6907-471c-816a-22eaf9fd843f%2Ffabb1cee-091b-46fb-8d53-a954da34d69d%2F0xsj5n9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. Ara. Mina, Rosa, Linda and Babes own 20% each out of 1,000 shares
issued and outstanding of ABS GMA Corporation. On December 21, 2018
the corporation declared 10% common stock dividends giving the
stockholders the option to choose property or stock dividend Rosa and
Linda opted property dividend while the rest chose stock dividend How
much is the dividend income of Rosa if the market value of the stocks is
Р30
a. None
b. The dividends received are not taxable.
С. Р 300
d.
600
CS Scanned with CamScanner
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