Bridget Owns 200 Shares of Common Stock of Jones Corporation

question 63

Multiple Choice

Bridget owns 200 shares of common stock of Jones Corporation.During the current year,Jones gives its shareholders the choice of receiving cash of $2 per share or one additional share of Jones common stock for each 5 shares of stock owned.The stock has a fair market value of $10 per share.Bridget chooses to take the additional shares of stock.How much income does Bridget have from the stock dividend?

• A)$0
• B)$200
• C)$400
• D)$1,000

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