FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hobson Company bought 20,500 shares of the voting common stock of Fizer Pharmaceutical in January 2022. In December, Fizer announced $202,300 net income for 2022 and declared and paid a cash dividend of $7.00 per share on all 209,500 shares of its outstanding common stock. Hobson Company's dividend revenue from Fizer Pharmaceutical in December 2022 would be:
Multiple Choice
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$143,500.
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None of these answer choices are correct.
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$ 0.
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$19,795.
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