|
SR 94-04 Dated 04/94 |
Previous Policy |
___________________________________________________________
Dividends which are automatically reinvested to purchase additional stock and interest which is automatically added to a cash account.
Treatment: Consider the dividends or interest as part of the resource to which it was added, such as a quarterly interest payment of $3.00 that is added to previous $500 savings account balance. The total value of the savings account is now $503.
For information on dividends, interest, and royalties which are paid directly to an individual, see Chapter 500, Dividends .