On February 11, 2019, Hussey Incorporated purchased 2,000 of the 11,000 outstanding voting shares of Lewis Properties common stock. At the time of the purchase, shares of Lewis Properties traded at $51 on the market. Lewis Properties pays a $0.75 annual dividend on September 15 each year. On December 31, 2019, Lewis Properties common stock traded at $61. Assume Hussey Incorporated originally purchased 2,500 shares instead of 2,000 shares. What would be the difference in the reported net income for Hussey Incorporated in 2019?

Answer rating: 100% (QA)

If 2000 shares Dividend 20000751500 Total income 1500 If 2500 share it is more than 20 share inco250... View the full answer