Plack co. purchased 10,000 shares (2% ownership) of ty corp. on february 14, 2001. plack received a stock dividend of 2,000 shares on april 30, 2001, when the market value per share was $35. ty paid a cash dividend of $2 per share on december 15, 2001. in its 2001 income statement, what amount should plack report as dividend income?
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Plack co. purchased 10,000 shares (2% ownership) of ty corp. on february 14, 2001. plack received a...
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