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What amount of dividend revenue should Valenzuela report

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Question - Valenzuela A bonus issue of 10,000 shares W Company when the fair price of W's shares was P10 per share.

Company received dividends from its ordinary share investments during the year 2019 as follows:

A cash dividend of P1,000,000 from X Company in which Valenzuela owns a 25% interest.

A cash dividend of P500,000 from Y Company in which Valenzuela owns a 15% interest.

5,000 ordinary shares of Z Company in lieu of cash dividend of P20 per share. The fair price of Z Company's shares was P150. Valenzuela holds originally 50,000 shares of Z Company's ordinary shares. Valenzuela owns 5% Interest in Z Company.

What amount of dividend revenue should Valenzuela report in its 2019 statement of comprehensive income?

 

Reference no: EM132945264

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