When Chet died on March 12, 2016, he owned $900,000 in stock of ABC Corporation and $100,000

Question:

When Chet died on March 12, 2016, he owned $900,000 in stock of ABC Corporation and $100,000 in City of Omaha bonds. The ABC Corporation declared a cash dividend on March 1 that was payable to shareholders of record on March 15. In early April, the executor of Chet's estate received the following: ABC Corporation dividend of $6,000 and interest of $3,200 ($200 accrued since March 12) on the City of Omaha bonds.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...