What revenue two corporation received from investment

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Question 1: On January 2, 2011, two corporation bought 15% of zep corporation's stock worth 30,000,000. The investment is noted by cost methods. Here is zep corporation's net profit at the end of 2011 and 2012 that's 10 million and 50 million. In 2012 zep corporation announced dividends of 70,000,000 and in 2011 zep corporation did not provide dividends. Based on the information, what revenue two corporation received from its investment in zep corporation was reported in 2012? Produce the dividend acceptance journal recorded by two corporation in 2012

Reference no: EM132651787

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