Blue declared a stock dividend of one share


In 2010 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2011, Blue declared a stock dividend of one share of its common stock for each 10 shares held. This year, 2012, Blue's shares of the Blue corporation stock if both distribution were tax-free?

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Accounting Basics: Blue declared a stock dividend of one share
Reference No:- TGS0674884

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