Sunland Company owns 29000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $1320000 and pays cash dividends of $1050000. Sunland should report investment revenue for 2021 of $765600. $609000. $0. $156600.
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Sunland Company owns 29000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $1320000 and pays cash dividends of $1050000.
Sunland should report investment revenue for 2021 of
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- Oriole Company owns 3100 of the 10000 outstanding shares of Skysong Corporation common stock. During 2021, Skysong earns $360000 and pays cash dividends of $141000.Oriole should report investment revenue for 2021 of $111600. $141000. $67890. $43710.Philip Company purchased 250,000 ordinary shares of Smiley Company for P40 per share on April 2, 2020. Smiley Company had 1,000,000 ordinary shares outstanding during 2020, paid cash dividends of P600,000 during 2020, and reported net income of P2,000,000 for 2020. What amount should Philip Company as report revenue from investment for 2020?Pharoah Company owns 3200 of the 10000 outstanding shares of Sheridan Corporation common stock. During 2021, Sheridan earns $370000 and pays cash dividends of $142000.If the beginning balance in the investment account was $820000, the balance at December 31, 2021 should be
- Harrison Co. owns 20,000 of the 50,000 outstanding ordinary shares of Taylor, Inc. During 2021, Taylor earns P800,000 and pays cash dividends of P640,000. If the beginning balance in the investment account was P500,000, the balance at December 31, 2021 should be a. P500,000 b.) P564,000 c.) P660,000 d.) P820,000Use the info below to answer the following questions: On January 2, 2021, Pirate, Inc. purchased a 30% interest in Tee Corp. for $3, 000, 000 cash. During 2021, Tee's net income was S3, 500, 000 and it paid dividends of S1, 000, 000. Pirate's 2021 income from Tee was: Pirate's Equity Investment balance in Tee at December 31, 2021 will be:On January 1, 2019, Lallo Company purchased 15% of Vintar Company’s ordinary shares for P20,000,000. The following data concerning Vintar Company are available: 2019 2020 Net income P6,000,000 P7,000,000 Cash dividend paid None 15,000,000 In its income statement for the year ended December 31, 2020, how much should Lallo report as income from this investment?
