Platinum Corporation bought 160,000 shares of Ore Corporation for P60 each. One month from purchase, Ore declared a 2-for-1 stock split down. Platinum subsequently sold 20,000 shares. During the last month of the reporting period, Ore declared PO.80 dividend per share. How much should Platinum report as dividend income? * P56,000 O P112,000 O P240,000 P48,000

Platinum Corporation bought 160,000 shares of Ore Corporation for P60 each. One month from purchase, Ore declared a 2-for-1 stock split down. Platinum subsequently sold 20,000 shares. During the last month of the reporting period, Ore declared PO.80 dividend per share. How much should Platinum report as dividend income? * P56,000 O P112,000 O P240,000 P48,000

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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Similar questions

Is dividend received always deducted when computing in Investment in Associate?
Explain the procedures used to actually pay the dividend.
Describe the benefits and limitations of the dividend discount model and the dividend discount-derived P/E ratio.
Why the dividend does exceeds the balance in retained earnings, the excess referred to as a liquidating dividend?
How would I calculate total dividend value?
Is the market price per share Net income Less Preferred Dividends
explain how you got the calulation of dividend
Is there any difference between the words "issued" and "paid" a dividend? Is there any chance the correct answer to be "C" because the dividend is "issued" and not "paid"?
Which statement shows dividends paid?