Devon owns 1,000 shares of stock worth $10,000 This year he received 200 additional shares of this stock from a stock dividend His 1,200 shares are now worth $12,500 Must Devon include the dividend paid in stock in income ...

No 305a states that dividends paid in stock ...

Devon owns 1,000 shares of stock worth $10,000. This year he received 200 additional shares of this

Question:

Devon owns 1,000 shares of stock worth $10,000. This year he received 200 additional shares of this stock from a stock His 1,200 shares are now worth $12,500. Must Devon include the paid in stock in income?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...