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Yuck Corporation received dividends from share investments during the current year: A cash dividend of P300,000 from Gok Company in which Yuck Corporation owns a

Yuck Corporation received dividends from share investments during the current year: A cash dividend of P300,000 from Gok Company in which Yuck Corporation owns a 25% interest. A majority of Goks directors are also directors of Yuck Corporation. A share dividend of 4,000 shares from Veg Company when the market price of Vegs share was P40. Yuck Corporation owns 1% of Vegs share capital. What amount of dividend income should be reported for the current year? a. P160,000 c. P460,000 b. P300,000 d. P 0

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