Solved: At the end of the year the 1 share of colgate that you own, Accounting Basics

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At the end of the year the 1 share of colgate that you own

Question - On January 1 you bought 1 share of Colgate stock for $100. During the year, you receive a $5 dividend from Colgate. At the end of the year, the 1 share of Colgate that you own is worth $120 on the stock market. How much income did you earn during the year?

A) $5

B) $20

C) $25

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Accounting Basics: At the end of the year the 1 share of colgate that you own

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