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What amount should be reported as dividend income

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Reference no: EM132891212

BTS Company provided the following data pertaining to dividends on ordinary share investments for the current year.

  • On October 1, the entity received P600,000 liquidating dividend from A Company. The entity owned a 10% interest in A Company.
  • The entity owned a 20% interest in B Company which declared and paid a P4,000,000 cash dividend to shareholders on December 31.

Problem 1: What amount should be reported as dividend income for the current year?

Reference no: EM132891212

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