How much is the dividend revenue reported in Jam's statement of comprehensive income for the year ended December 31,2020?. Jam Company bought the ordinary shares of Mad Company designated as equity securities atfair value through other comprehensive income, as follows:June 20,2019 – 1,000 shares for P 101,600November 5,2019 – 3,000 shares at P 104 per shareOn January 25,2020, Jam Company received cash dividend of P 4.50 per share. On June14,2020, it received a 10% bonus issue and on July 18,2020, Jam sold 1,500 shares at P 95 pershare.Market values of Mad Company ordinary shares are as follows:December 31,2019 – P 106.70 per shareDecember 31,2020 – P 96 per share

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How much is the dividend revenue reported in Jam's statement of comprehensive income for the year ended December 31,2020?.

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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Question

How much is the dividend revenue reported in Jam's statement of comprehensive income for the year ended December 31,2020?.

Jam Company bought the ordinary shares of Mad Company designated as equity securities at
fair value through other comprehensive income, as follows:
June 20,2019 – 1,000 shares for P 101,600
November 5,2019 – 3,000 shares at P 104 per share
On January 25,2020, Jam Company received cash dividend of P 4.50 per share. On June
14,2020, it received a 10% bonus issue and on July 18,2020, Jam sold 1,500 shares at P 95 per
share.
Market values of Mad Company ordinary shares are as follows:
December 31,2019 – P 106.70 per share
December 31,2020 – P 96 per share

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