What is maxwell gross income from the above

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Maxwell owns 2,000 shares of stock in Falcon Corporation, worth $50 per share. The 2,000 shares were purchased in 2001 for $10 per share. In 2009, the corporation issued a 30% stock dividend to all common shareholders with an option of receiving either the stock or $30,000. Maxwell selected the stock. What is Maxwell's gross income from the above?

Reference no: EM13133297

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