Reference no: EM132817802

Question - Determine the total dividend income to be recorded for each case:

1. 1,200 shares are held, cash dividend is 5 per share

2. 4,000 shares were purchased on Jan. 10, 2020. Dividend for those shares total 120,000. Date of declaration is Jan. 15, date of record is Feb. 15 and date of payment is Mar. 15 of the current year. No shares were sold.

3. 5,000 shares were purchased on April 10, 2020. Dividend for those shares total 75,000. Date of declaration is February 1, date of record is March 1, and date of payment is April 15 of the current year. No shares were sold.

3. Liquidating dividend amounting to 40,000 were declared.

4. 2,000 Zeta Corporation ordinary shares were held. A 20% stock dividend was declared. The price per share is 90 per share and 75 per share before and after the stock dividend respectively.