Your friend John files his own tax returns. He received a computer as a dividend from a

Question:

Your friend John files his own tax returns. He received a computer as a from a closely held corporation. He says that he does not need to report the computer as income because the was not paid in cash. Is he right? Why?
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...