Question: During the period from July 1 to December 31, Upper Company received dividends of $4, $2, and $3 per share, respectively, from the common shares

During the period from July 1 to December 31, Upper Company received dividends of $4, $2, and $3 per share, respectively, from the common shares of Jack, Queen, and King companies acquired in Problem 6-26.
Required:
a. What amount will Upper Company report for revenue for the period?
b. During this period, has Upper Company accomplished its goal of earning a 12% annual return (before tax) on its short-term investments?

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a Dividend revenue 500 x 4 500 x 2 500 x 3 4500 b Looking at dividends only the return on inv... View full answer

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