Question
Dumar Corporation purchased 800 ordinary shares of Viking Industries as a tradinginvestment for $14,880. During the year, Viking Industries paid a cash dividend of $3.20per
Dumar Corporation purchased 800 ordinary shares of Viking Industries as a tradinginvestment for $14,880. During the year, Viking Industries paid a cash dividend of $3.20per share. At year-end, Vikings shares were selling for $17.40 per share. On the incomestatement for the year ended December 31, what is the total amount of unrealizedgain/loss and dividend revenue reported by Dumar Corporation?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
