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Compute the carpenter company dividend revenue

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Question - Carpenter Company bought 20,000 shares of the voting stock of Hart Corporation in July 2017. The following February, Hart announced $200,000 net income for2017 and declared and paid a cash dividend of fifty cents per share on the 200,000 shares of outstanding common stock. Carpenter Company's dividend revenue from Hart Corporation in February 2018 would be:

a. $0

b. $5,000

c. $10,000

d. $20,000

Reference no: EM132183387

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