Patricia owns 100 shares of Nash, Inc. common stock which she purchased for $1600. On May 29 of the current year, Nash issued a 10% proportionate common stock dividend and Patricia received an additional 10 shares, each of which has a value of $20. How much income does Patricia report for this dividend? O $2000 O $1600 O $0 O $200

Patricia owns 100 shares of Nash, Inc. common stock which she purchased for $1600. On May 29 of the current year, Nash issued a 10% proportionate common stock dividend and Patricia received an additional 10 shares, each of which has a value of $20. How much income does Patricia report for this dividend? O $2000 O $1600 O $0 O $200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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