Solution-What amount should be reported as dividend income

What amount should be reported as dividend income

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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

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What amount should be reported as dividend income

Reference no: EM132935933

Reference no: EM132935933

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