Question: answer is 50, does anyone know how to achive that? 56. Ed owns 100 shares of Tiny Corporation common stock which he purchased three years

answer is 50, does anyone know how to achive that?

56. Ed owns 100 shares of Tiny Corporation common stock which he purchased three years ago for $6,000. In 2020, Ed receives a 20% nontaxable stock dividend (20 shares) of Tiny Corporation common stock with a fair market value at distribution of $800. What is the basis per share of the Tiny Corporation stock? Select one: a. $60 O b. $0 O c. $50 x O d. $40 e. None of these

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