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nekit [7.7K]
3 years ago
7

In January, 20XX a customer buys 100 shares of ABC stock at $50 per share and pays a $2 commission per share. The customer recei

ves $2 in cash dividends during the year. The customer's cost basis in the stock is:
Business
1 answer:
ANTONII [103]3 years ago
5 0

Answer:

$ 52

Explanation:

Given data:

Price of the stock = $ 50

Commission per share = $ 2

Dividends received  = $ 2

Now,

the dividends received is not the part of the stock's cost basis, but it is included in the taxable income for the year.

Therefore,

The customer's cost basis in the stock

= Price  of the stock + commission per share

or

= $ 50 + $ 2

or

customer's cost basis in the stock = $ 52

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Multinational financial management requires that
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Answer:

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multinational financial management requires that

answer

the effects of changing currency values be included in financial analyses.

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The entries are made as follows;

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<u></u>

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