Apple Co. has the following transactions from its investments in equity securities in 2020 ...
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Apple Co. has the following transactions from its investments in equity securities in 2020 Orange Co. declared dividends to its ordinary shareholders totaling P16, 200,000 at year-end 2020, which will be settled first quarter of the following year. Apple holds 1% interest in Orange's ordinary shares. Received P4,050,000 dividends from Cherries Co., where Apple holds 30% of its total equity. Received P486,000 from Banana Co. which was distributing liquidating dividends Received P108,000 dividends from its investment in preference shares of Durian Co. What amount should be reported as dividend income for 2020? . 1,485,000 0 4,320,000 4, 806,000 270,000
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