As a Christmas Thank You for Being a Good Employee

question 49

Multiple Choice

As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 per share.Edwina then received dividends of $1 per share related to the stock.How much should be included in Edwina's gross income?

• A)$0
• B)$3
• C)$60
• D)$63
• E)None of the above

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Definitions:

Construction

The act of constructing or putting together buildings, infrastructure, or other significant physical constructions.

Building

A structure with a roof and walls, such as a house, factory, or school, often considered a non-current or fixed asset in accounting.

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Efficiently

Performing or functioning in the best possible manner with the least waste of time and resources.