B1. In February 2019, Sierra paid $4500 to acquire 150 shares 150 shares of CGL stock. In December 2021, CGL declared a two-for-one stock split. If there were no subsequent adjustments, what is Sierra's current basis in the stock, and how many shares does she own? A. $2250 basis; 150 shares. B. $4500 basis; 300 shares. C. $9000 basis; 150 shares.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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B1.

In February 2019, Sierra paid $4500 to acquire 150 shares 150 shares of CGL stock. In December 2021, CGL declared a two-for-one stock split. If there were no subsequent adjustments, what is Sierra's current basis in the stock, and how many shares does she own?

A. $2250 basis; 150 shares.

B. $4500 basis; 300 shares.

C. $9000 basis; 150 shares.

 

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