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How much is the dividend income to be recognized

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Reference no: EM133190117

Question - Knowie Company owns 15% of the outstanding ordinary shares of Bergs Corp. On November 1, 2021, Bergs declared its inventory as property dividends. Data relating to the fair values of the inventory follow:

November 1, 2021- 500,000

December 31, 2021- 900,000

February 15, 2022- 820,000

Required - How much is the dividend income to be recognized in 2021?

Reference no: EM133190117

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