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Author: EdSouth One star, 50 posts 10+ Year Anniversary! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120801  
Subject: Stock Conversion Date: 5/25/1999 8:56 PM
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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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