Northwick company dividend revenue

Reference no: EM13131812

Northwick Company acquired 10,000 shares of the common stock of Shaver Corp. in July 2011. The following January, Shaver announced a $100,000 net income for 2011 and declared a cash dividend of $.50 per share on its 100,000 shares of outstanding common stock. The Northwick Company dividend revenue from Shaver Corp. in January 2011 would be:

a. $0.

b. $2,500.

c. $5,000.

d. $10,000.

Reference no: EM13131812

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