Question

What was Dixon's basis in the 100 shares of stock when acquired on June 1?

1) $5,000
2) $5,100
3) $10,000
4) $15,000

Answer 1

To determine Dixon's basis in the 100 shares of stock acquired on June 1, we need more information.

Step-by-step explanation:

To determine Dixon's basis in the 100 shares of stock acquired on June 1, we need more information. The information provided does not include the purchase price or any additional costs associated with the acquisition of the stock. Without this information, we cannot calculate Dixon's basis. Please provide the purchase price and any relevant costs to determine the basis.