Business, 31.12.2019 06:31 sanchitcoolcham4410

Fox co. purchased 10,000 shares (2% ownership) of owl corp. on february 14. fox received a stock dividend of 2,000 owl shares on the following april 30, when the market value per share was $35. owl paid a cash dividend of $2 per share on december 15, the same year. in its income statement for this year, what amount should fox report as dividend income?

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Fox co. purchased 10,000 shares (2% ownership) of owl corp. on february 14. fox received a stock div...