Calculating the dividend income


Response to the following problem:

Sara Hospital holds an investment in the capital stock of an industrial corporation. The hospital receives 50 shares of the corporation's common stock as a dividend at a time when the stock is quoted on the market at $40 per share. Should Sara Hospital record $2,000 of dividend income? Explain your answer.

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Financial Accounting: Calculating the dividend income
Reference No:- TGS02088960

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