What is the amount of amy basis in each share, Accounting Basics

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What is the amount of amy basis in each share

Problem: Amy owns 200 shares of common stock of Barn Corp., which she purchased in Year 1 for $12,000. In Year 2, Barn declared a 2-for-1 stock split when the fair market value of the stock was $72 per share. In Year 3, Amy received a 20% nontaxable stock dividend. What is the amount of Amy's basis in each share of common stock of Barn after the stock dividend in Year 3?

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Accounting Basics: What is the amount of amy basis in each share

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Accounting Basics: What is the amount of amy basis in each share

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