We covered this issue in Intermediate Accounting, but that was too many years ago:I had 5 shares of ICN Pharmaceuticals, purchased in 1974 and filed away, forgotten. Cleaning out the files recently, I stumbled over them, said a few choice words, and shipped them off to my broker to be put into my trading account.Somewhere along the line, ICN reorganized/merged and a new issue of stock replaced what I had. I now have 3 shares of "new" ICN and $17.65 cash.If I remember right, my basis for the 3 shares is original cost - $17.65, and the reference date is the date of original purchase.Or...help!!!EdSouth
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