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What amount of dividend revenue should be reported

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Reference no: EM132891264

Blackpink Company received dividends from ordinary share investments during the current year as follows:

  • A stock dividend of 10,000 shares from NTC Company in which the entity owned a 10% interest.
  • A cash dividend of P1,500,000 from NTC Company in which the entity owned a 15% interest.
  • A property dividend of ordinary share of BTS Company 10,000 with a market price of P100 per share which Blackpink Company has 10% interest.

Problem 1: What amount of dividend revenue should be reported for the current year?

Reference no: EM132891264

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