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What amount should be reported as dividend income

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Question - Justice Company purchased 50,000 shares on January 15, 2014 representing 5% ownership interest to be held for trading. The entity received a stock dividend of 20% on March 31, 2014 when the market price of the share is P40. 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?

Reference no: EM132613879

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