Question
May I ask for an explanation/solution to the question for a better understanding. Thank you! DDD Company received dividends from share investments during the current
May I ask for an explanation/solution to the question for a better understanding. Thank you!
DDD Company received dividends from share investments during the current year:
a) A share dividend of 4000 shares from EEE Company when the market price of EEE's share was P20. DDD Company owns less than 1% of EEE's share capital.
b) A cash dividend of P150,000 from LLL Company in which DDD Company owns a 25% interest. A majority of LLL's directors are also directors of DDD Company.
What amount of dividend revenue should be reported for the current year?
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A Simplify Way Of Practicalise Auditing Profession
Authors: DR LUKMAN A ABATAN
1st Edition
B09YVKHT6X, 979-8800165050
