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What amount of dividend revenue should be reported

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Question - ABC Company received dividends from ordinary share investments during the current year.

I. A stock dividend of 10,000 shares from A Company when the market price of the share was P10.

II. A cash dividend of P1,500,000 from B Company in which the entity owned a 15% interest.

III. 5,000 shares of C Company in lieu of cash dividend of P20 per share. The market price of the share was P150. The entity had 50,000 shares of C Company and owned 5% interest in C Company.

Required - What amount of dividend revenue should be reported for the current year?

Reference no: EM132933080

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