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Question 7 (2 points) Listen Beverly company placed 800 shares of Sizable Corp.'s common stock...

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Accounting

Question 7 (2 points) Listen Beverly company placed 800 shares of Sizable Corp.'s common stock in a trust on June 16 for the benefit of her child. On June 1st Sizable's board of directors had declared a cash dividend of $2 per share on Singh's common stock. Payment was made on July 30th to shareholders of record on June 30th. What amount of the dividend should be allocated to trust income? O $0. $800. $1,200. $1,600.
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Beverly company placed 800 shares of Sizable Corp.'s common stock in a trust on June 16 for the benefit of her child. On June 1st Sizable's board of directors had declared a cash dividend of $2 per share on Singh's common stock. Payment was made on July 30 th to shareholders of record on June 30th. What amount of the dividend should be allocated to trust income? $0. $800. $1,200. $1,600

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