10. Tim has 100 shares of a corporation with a basis of $15,000 (common stock) and value of $20,000. He receives a tax-f

[answerhappygod]

10. Tim has 100 shares of a corporation with a basis of $15,000
(common stock) and
value of $20,000. He receives a tax-free stock dividend of 50
additional shares of
common stock (value $10,000). What's his basis in the "new" 50
shares?
11. Bill has 100 shares of a corporation with a basis of $15,000
(common stock) a
value of $40,000. He receives a tax-free stock dividend of 50
additional shares of
preferred stock (value $10,000). What's his basis in the 50 new
shares of preferred
stock?
12. Paula owns 100 shares in X Corp, which has a total of 400
shares outstanding, If she
has 30 of her shares redeemed, will the redemption qualify as a
"sale" or be treated as a
dividend? Show your calculations, please.