The Timog Corporation bought the shares of Luna Company classified as equity investments at fair value through othercomprehensive income, as follows:April 17, 2022 1,000 shares at P84July 16, 20222,000 shares at P90Market value per share of Luna Company shares at December 31, 2022 was P92.The following were the transactions for 2023:January 10Received cash dividend at P4 per share.June 20Received 5% bonus issue.December 10 Sold 1,200 shares at P105 per share.How much is the total dividend revenue for the year 2023?(А) Р13,800(В) Р12,000C P25,800(D PO

The dividend is the distribution of income among the shareholders of the company.

The Timog Corporation bought the shares of Luna Company classified as equity in comprehensive income, as follows: April 17, 2022 1,000 shares at P84 July 16, 2022 Market value per share of Luna Company shares at December 31, 2022 was P92. 2,000 shares at P90 The following were the transactions for 2023: January 10 June 20 Received cash dividend at P4 per share. Received 5% bonus issue. December 10 Sold 1,200 shares at P105 per share. How much is the total dividend revenue for the year 2023?

The Timog Corporation bought the shares of Luna Company classified as equity in comprehensive income, as follows: April 17, 2022 1,000 shares at P84 July 16, 2022 Market value per share of Luna Company shares at December 31, 2022 was P92. 2,000 shares at P90 The following were the transactions for 2023: January 10 June 20 Received cash dividend at P4 per share. Received 5% bonus issue. December 10 Sold 1,200 shares at P105 per share. How much is the total dividend revenue for the year 2023?

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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