Distribution did not involve any shares of preferred stock

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Reference no: EM132014709

Miranda ownes shares in Oak Corporation. In 2017 the company paid a stock dividend and Miranda received one dividend payment for each share of stock owned. The distribution did not involve any shares of preferred stock and Miranda did not have a choice to receive cash or other property instead of additional shares; nor did any of the other shareholders. Choose the response that best describes how Miranda should report this distribution.

Reference no: EM132014709

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