User Account

All Pages

What amount should be reported as dividend income

Assignment Help Accounting Basics
Reference no: EM132935933

Questions -

Q1) 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.

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

Q2) 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.

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

Reference no: EM132935933

Questions Cloud

Difference between a goal and strategy : What is the difference between a goal and strategy as defined in the text? Identify both a goal and a strategy for a campus or community organization with which
Proposal for the target audience of senior management : HR Strategy Summarizes proposal and explains how any why student's HR strategy proposal is worthy of implementation, while highlighting the practical implicatio
21st-century onboarding : New employees at Sun Microsystems begin their orientation sessions after being hired with a computer game. It is part of an attempt to integrate new people, imp
Compare and contrast the three aegean cultures : How would you compare and contrast the three Aegean cultures from the Cycladic, Minoan, and Mycenaean civilizations?
What amount should be reported as dividend income : On October 1, the entity received P600,000 liquidating dividend from A Company. What amount should be reported as dividend income
How much should be the capital balance of EE : The land was sold for P50,000 on the same date, three hours after formation of the partnership. How much should be the capital balance of EE
What is the significance of forming a budget committee : What is the significance of forming a budget committee? The preparation of the cash budget relies on the information found in the operational budgets because
Identify various impetus of job satisfaction : Identify various impetus of job satisfaction Walmart provides to its employees to retain its employees. List and discuss two additional sources of job satisfact
Describe duties of employers to employees : Describe duties of employers to employees and contractors under the new WHS Act 2010.

Reviews

Write a Review

Accounting Basics Questions & Answers

  On december 31 2013 ramon corp has 500000 oustanding common

on december 31 2013 ramon corp has 500000 oustanding common shares and 62000 shares of 100 par value 6 cumulative

  Explore the tax implications of this arrangement

Explore the tax implications of this arrangement and whether the $5 per hour difference has any implications. Be sure to be specific and cite specific concepts

  Explain the gross profit method

Estimating ending inventory using the gross profit method A form for making estimated inventory calculations and a form for completing an income statement.

  What is tyler corporation''s after tax cost of debt

Tyler Corporation issued a 30-year, 7 percent semiannual bond 7 years ago. What is Tyler Corporation's after tax cost of debt

  Determine the theoretical basis for the accounting standard

on january 1 2006 lani company entered into a noncancelable lease for a machine to be used in its manufacturing

  Locate information on two bi software packages compare and

locate information on two bi software packages. compare and contrast these software packages and describe the extent to

  How much is the balance of investment in associate

The investee reported net income of $1,000,000 for the current year. How much is the balance of Investment in Associate at the end of the current year

  Calculate the futa and suta taxes

Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.

  The brentwood store is just one of many stores owned and

1. a partial listing of costs incurred at backes corporation during november appears belowthe total of the period costs

  Srb corp is considering purchasing one of two new

srb corp. is considering purchasing one of two new diagnostic machines. either machine would make it possible for the

  Show the accounts debited and credited

Show the accounts debited and credited for each of the following business events: Transfer of chocolate to the Packing Department

  Grayson bank agrees to lend the trust company 100000 on

grayson bank agrees to lend the trust company 100000 on january 1. trust company signs a 100000 8 9-month note. the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd