On December 31, 2021, Scott Company received the following dividends: Investee Company Investee's No. of shares Cost per share Percentage of ownership Type of dividends Dividends per share Frost Company Grey Company Blaire Company 100,000 200,000 200 10% Cash 20 250 15% Property 25 250,000 280 12% Shares 30 Grey Company will distribute its shares to Summers Company. How much is the total dividend income reported on December 31, 2021?
On December 31, 2021, Scott Company received the following dividends: Investee Company Investee's No. of shares Cost per share Percentage of ownership Type of dividends Dividends per share Frost Company Grey Company Blaire Company 100,000 200,000 200 10% Cash 20 250 15% Property 25 250,000 280 12% Shares 30 Grey Company will distribute its shares to Summers Company. How much is the total dividend income reported on December 31, 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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