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Determine the total dividend income to be recorded

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Reference no: EM132825294

Problem 1: Determine the total dividend income to be recorded for each case:

1. 100,000 Alpha Corporation ordinary shares were held. The entity received 1,000 shares of XYZ Corporation valued at P70 each as dividends.

2. Received P200,000 worth of shares in lieu of P180,000 cash dividend.

3. Invested in P1,200,000 in 10,000 shares. Received P140,000 cash in lieu of a 10% share dividend.

4. Cash dividend of P1,000,000 was received on shares held as investment in associate.

Reference no: EM132825294

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