6. Joanna Company received dividends from ordinary share investments during the current year: . A stock dividend of 10,000 shares from A Company when the market price of the share was P 10. . A cash dividend of P 1,500,000 from B Company in which the entity owned a 15% interest. . 5,000 shares of C Company in lieu of cash dividend of P 20 per share. The market price of the share was P 150. The entity had 50,000 shares of C Company and owned 5% interest in C Company. What amount of dividend revenue should be reported for the current year? a. 2,500,000 C. 1,500,000 b. 2,250,000 d. 2,350,000 7. Ronalyn Company provided the following data pertaining to dividends on ordinary share investments for the current year: . On October 1, the entity received P 600,000 liquidation dividend from A Company. The entity owned a 10% interest in A Company. . The entity owned a 20% interest in B Company which declared and paid a P 4,000,000 cash dividend to shareholders on December 31. . On December 1, the entity received from C Company a dividend in kind of one share of D Company for every 4 C Company shares held. The entity had 100,000 C Company shares which have a market price of P 50 per share on December 1. The market price of D Company share was P 10. What amount should be reported as dividend income for the current year? a. 1,650,000 C. 850,000 b. 1,050,000 d. 250,000