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1) Beaver Company bought 26,500 shares of the voting common stock of Nittany Corporation in January 2018. In December, Nittany announced $205,200 net income for
1) Beaver Company bought 26,500 shares of the voting common stock of Nittany Corporation in January 2018. In December, Nittany announced $205,200 net income for 2018 and declared and paid a cash dividend of $6 per share on all 203,000 shares of its outstanding common stock. Beaver Company's dividend revenue from Nittany Corporation in December 2018 would be: A) $ 0. B) $26,787. C) $159,000. D) None of these answer choices are correct
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