How much dividend income does Eric receive from Kinney, Inc. after two distributions?

To determine how much dividend income Eric receives from Kinney, Inc. after two distributions, it's essential to understand how dividends are calculated. Typically, corporations declare dividends per share, and shareholders receive those dividends based on the number of shares they own.

If Eric's answer is $1,000, this likely indicates that he owns a certain number of shares and has received $1,000 in total from two separate distributions made by Kinney, Inc. This could mean that each distribution has a specific amount attributed to it, and when summed, totals $1,000.

Understanding the context of how dividends are declared and the amounts that were distributed helps clarify this figure. For the correct answer, it’s vital to note that the number and amount of dividends paid directly relate to Eric’s ownership stake in the company, and the specific amounts must align with the declared dividends by Kinney, Inc. in those two distributions. Thus, a total of $1,000 reflects the total dividend income Eric has earned from those transactions.