User Account

All Pages

Find what amount should be recorded as dividend revenue

Assignment Help Accounting Basics
Reference no: EM132613882

Question - Kinfolk Company purchased 20,000 ordinary shares on March 1, 2014, for P720,000 to be held for trading. The entity received a P100,000 cash dividend on July 1, 2014. The investee declared a 10% stock dividend on December 1, 2014 to shareholders of record on December 31, 2014. The dividend was distributed on January 31, 2015. The market price of the share was P38 on December 1, 2014, P40 on December 31, 2014 and P42 on January 31, 2015. Find what amount should be recorded as dividend revenue for 2014?

Reference no: EM132613882

Questions Cloud

Payment date mean with regard to dividends : As an investor you have the collected the following information on five firms in order to assess their dividend policies:
Describe two financial career options : Describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company
Calculate the net present value of the storm water project : What are the payback periods for the lawn-to-prairie conversion project, the dock blankets, the T-8 lighting fixtures, and the storm water project
Explain the incentives the auditor should be aware : Explain the incentives, opportunities and attitudes the auditor should be aware of in considering the risk of misappropriation of asset fraud.
Find what amount should be recorded as dividend revenue : The entity received a P100,000 cash dividend on July 1, 2014. Find what amount should be recorded as dividend revenue for 2014
Cash flow for individuals handling their personal finances : How does the monitoring of cash flow of a health organization compare to the monitoring the cash flow for individuals handling their personal finances?
Outline the different types of plans and the year-end : You are the Payroll Manager for a medium sized, Outline the different types of plans and the year-end requirements for each.
What amount should be reported as dividend income : The investee paid a cash dividend of P5 per share on December 15, 2014. What amount should be reported as dividend income for the current year
Develop an instructional day to meet the brenda : Develop an instructional day to meet the Brenda's needs. Within your schedule - Methods for monitoring and assessing progress toward individual goals consistent

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd