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Compute the cost per share of both companies

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Question - Ahmed purchased 500 shares of Exxon Corporation common stock for $50,000 and 1,000 shares of Google Corporation stock for $250,000. On January 20, 2018, Ahmed received 100 shares of Exxon as a result of stock dividends. On June 20, Ahmed sold 200 shares of Exxon for $23,500. Ahmed also received 100 shares of Google Corporation stock as a result of stock dividend.

1) Compute the cost per share of both companies after receiving the stock dividends.

2) Compute the capital gains/loss that should be included in Ahmed's tax return for 2019.

Reference no: EM132526480

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