amount of dividend revenue should be reported for the current year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mickey Mouse Company received dividends from ordinary share investments during the current year as follows:

(1)   A stock dividend of 10,000 shares from Jihyo Company in which the entity owned a 15% interest.

(2)   A cash dividend of P1,500,000 from Tzuyu Company in which the entity owned a 15% interest.

 

What amount of dividend revenue should be reported for the current year?
 
 
  • 2,500,000
  • 2,250,000
  • 1,500,000
  • 2,350,000
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