Multiple Choice
Which of the following items will result in an inclusion in gross income?
A) A 10% stock dividend for all shareholders is declared by the board of directors of a publicly-traded corporation.Mel receives 10 shares of stock worth $1,000.
B) Due to the discovery of oil beneath Finn's land,the value of Finn's land increases $1,000,000.
C) Jane receives a check from her stock broker for $50,000 due to the sale of stock purchased five years ago for $60,000.
D) George won $50 at his church's bingo game night.
Correct Answer:
Verified
Correct Answer:
Verified
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