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Following is a summary of the investments owned by Carla Corporation, as of January 1, 2020: Investment Percentage of Outstanding Shares Carlas Intention STG Corporation
Following is a summary of the investments owned by Carla Corporation, as of January 1, 2020:
Investment | Percentage of Outstanding Shares | Carlas Intention | |||
STG Corporation | 7% | To be sold when prices increase | |||
Brach Ltd. | 33% | Buy additional shares to achieve control of company. Carla has members on Brachs Board of Directors. | |||
Raptor Inc. | 2% | To be sold when prices increase | |||
CMP Ltd. | 22% | Hold indefinitely. Another company owns the remaining 78% of shares | |||
Diloph Inc. | 6% | Hold indefinitely |
During 2020, the various companies paid dividends at various times throughout the year, as follows:
Investment | Carlas Share of Dividends | ||
STG Corporation | $ 6,770 | ||
Brach Ltd. | 26,600 | ||
Raptor Inc. | 2,730 | ||
CMP Ltd. | 17,100 | ||
Diloph Inc. | 5,170 |
Calculate the amount of dividend income to be shown on Carlas income statement for 2020.
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