oem naeon ie a yi ioe a CUTTY, income hg ese roe ya ie gay + OUT Wrap nea seine ag . Noa ge ewe ling Speumdecmran Sena eae sation ae i Ccesh vind from Bow Cory (10% 7,000,000) 20 E “Tnecash dividend fiom Seco andthe gusting dividend from King {Nehot income but reduction ofthe ivetnent account Problem36S(AICPA Adapted) asing the current yer, Neil Company held 30,000 shazes of Brock Companys 100,000 cutstandin shares and 6,000 shes fama Company's 400.000 outstanding shares. Duringie- Jean Nel receved 360,000 cash dividend fom Brock, PiS{o00 cach dividend and 10% share dividend from Amal Th losing pie of Amal shares P50, What amount shouldbe reported dividend revenue forthe current year? 2. 342,000 B. 315000 © $43,000 & “18!000 Solution 365 Ancwer d cashdi end from Amal (600730, 000 ~ 26 interest) eset fetta bc Conant ent Jikan, = HE 15,90 a6 | | | nen 366 (ICE Aga) parents Conary aaah, Compe en tet ‘asepone3EmCenpe en ste Saco meses 0 te pearanyelie te hodamarket vale share ght had amarkel value PS soaliiecein acerca irate iss aaa acanonsltctrinesmate ame + BR & lage : 38 Solution 36-6 Answer 5 measurement at fur value (10,000cighx5) $0,000 Problem 36-7 (AICPA Adapted) Rice Company owned th rina sare Wo Company Sfurebaniuy strato comot Bi 0000. COnDecse 1 Ries is fom Wool ah PakntestebSeroase snes The mate! pico Woot sc nthidae was 89 nde Teepe descr cel devise Doe Svise HS nbienstia00 commision ‘Whatanounshn benassi fom este ih? 150000 Boo & 250.000, a Bo Soin 36.7 dnowerd etl pce 40-1098 Int soso ssn