Business, 18.10.2019 00:30 prettygirl1053480

Greller owns 100 shares of arden corp., a publicly traded company, which greller purchased on january 1, year 1, for $10,000. on january 1, year 3, arden declared a 2-for-1 stock split when the fair market value (fmv) of the stock was $120 share. immediately following the split, the fmv of arden stock was $62 per share. on february 1, year 3, greller had his broker specifically sell the 100 shares of arden stock received in the split when the fmv of the stock was $65 per share. what is the basis of the 100 shares of stock arden sold?
a. $6,500
b. $6,000
c. $5,000
d. $6,200

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Greller owns 100 shares of arden corp., a publicly traded company, which greller purchased on januar...

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