Shares of common stock concepts

Assignment Help Accounting Basics
Reference no: EM13153784

Harry purchased one share of common stock in a computer company for \$90. Shortly after he purchased it, the corporation distributed two new shares of common stock for each share held. What is his basis for each of the three shares of common stock?

1) \$90

2) \$180

3) \$30

4) \$0

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