On july 1 year 1 lila perl paid 90000 for 450 shares of, Financial Accounting

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On july 1 year 1 lila perl paid 90000 for 450 shares of

On July 1, year 1, Lila Perl paid $90,000 for 450 shares of Janis Corporation common stock. Lila received a nontaxable stock dividend of 50 new common shares in November of year 4. On December 20, year 5, Lila sold the 50 new shares for $11,000. What is Lila's basis in the 50 shares of stock she sold?

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Financial Accounting: On july 1 year 1 lila perl paid 90000 for 450 shares of

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Financial Accounting: On july 1 year 1 lila perl paid 90000 for 450 shares of

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