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Determine the Perez Company dividend revenue

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Question - Perez Company bought 56,000 shares of the voting common stock of HAB Corporation in January 2019. In December, HAB announced $640,000 net income for 2019. Also, they declared and paid a cash dividend of $2 per share on all 400,000 shares of its outstanding common stock. Determine the Perez Company's dividend revenue from HAB Corporation in December 2019?

Reference no: EM133090880

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