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 $143,500. None of these answer choices are correct. $ 0. $19,795.

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 $143,500. None of these answer choices are correct. $ 0. $19,795.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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