Martin Company provided the following data for the current year: -On March 1, Martin received P600,000...
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Martin Company provided the following data for the current year: -On March 1, Martin received P600,000 cash dividend from Paul Company in which Martin owns 30% interest. -Martin owns 12% interest in James Company, which declared and paid P3,000,000 cash dividend on December 15. - On September 1, Martin received an P80,000 liquidating dividend from Luke Company. Martin owns a 5% interest in Luke Company. What amount should Martin Company report as dividend income for the current year? * Martin Company provided the following data for the current year: -On March 1, Martin received P600,000 cash dividend from Paul Company in which Martin owns 30% interest. -Martin owns 12% interest in James Company, which declared and paid P3,000,000 cash dividend on December 15. - On September 1, Martin received an P80,000 liquidating dividend from Luke Company. Martin owns a 5% interest in Luke Company. What amount should Martin Company report as dividend income for the current year? *
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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