Question
Plack Co. purchased 10,000 shares (2% ownership) of Ty Corp. on February 14, 2018. Plack received a share dividend of 2.000 shares on April 30,
Plack Co. purchased 10,000 shares (2% ownership) of Ty Corp. on
February 14, 2018. Plack received a share dividend of 2.000 shares on
April 30, 2018, when the market value per share was P35. Ty paid a
cash dividend of P2 per share on December 15. 2018. In its 2018 income
statement, what amount should Plack report as dividend income?
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
9780273688761
