Kevin Buys One Share of Mink, Inc

question 32

Multiple Choice

Kevin buys one share of Mink, Inc., common stock for $100. On February 3 of the current year, the corporation makes a nontaxable distribution of one share of preferred stock to all holders of record of common stock. On the distribution date, the common stock is trading at $250 and the preferred stock is trading at $50. After the distribution, Kevin's bases in the two shares of stock are:
​
Common Preferred

• A)$50.00 $50.00
• B)$100.00 $- 0 -
• C)$83.33 $16.67
• D)$250.00 $50.00
• E)$80.00 $20.00

---

Definitions:

Role Negotiation Programs

Initiatives or schemes within organizations designed to help employees understand their roles better and negotiate adjustments for mutual benefit.

Wellness Programs

Initiatives or policies implemented by an organization aimed at enhancing the physical, mental, and emotional health of its members.

Feedback Programs

Structured initiatives within organizations designed to provide employees with information regarding their performance, behavior, and areas of improvement, aiming to foster development and engagement.

Process Consultation Programs

Initiatives designed to assist organizations in understanding and improving their internal processes through the guidance of an external consultant.