Which of the following is normally not included in gross income?
A) Cash dividend
B) Corporate bond interest income
C) Stock dividend
D) All are included in gross income
E) None are included in gross income

Question

Quizplus · Accepted Answer

Stock dividends are generally not included in gross income because they do not represent a realization of income; they are merely a reallocation of the corporation's equity.

Which of the Following Is Normally Not Included in Gross