What amount should Plack report as dividend income

Reference no: EM132683092

Question - Plack Co. purchased 10,000 shares (2% ownership) of Ty Corp. on February 14, 2018. Plack received a share dividend of 2.000 shares on April 30, 2018, when the market value per share was P35. Ty paid a cash dividend of P2 per share on December 15. 2018. In its 2018 income statement, what amount should Plack report as dividend income?

Reference no: EM132683092

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