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What amount should romina inc report as dividend income

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Reference no: EM132809350

Problem 1: Romina Inc. purchased 160,000 shares of Magui Company for $60 each. One month after the purchase, Magui Company declared a 2-for-1 stock split down. Romina Inc. subsequently sold 20,000 shares. During the last month of the reporting period, Magui Company declared $0.80 dividend per share. What amount should Romina Inc. report as dividend income?

Reference no: EM132809350

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