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In 20X0, Neil Company held the following investments in common stock:

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In 20X0, Neil Company held the following investments in common stock;? 25,000 shares of B&K Inc.?s 100,000 outstanding shares. Neil?s level of ownership gives it the ability to exercise significant influence over the financial and operating policies ofB&K.;? 6,000 shares of Amal Corporation?s 309,000 outstanding shares.;During 20X0, Neil received the following distributions from its common stock investments;? November 6 $30,000 cash dividend from B&K;? November 11 $1,500 cash dividend from Amal;? December 26 3 percent common stock dividend from Amal;? The closing price of this stock was $115 per share.;What amount of dividend revenue should Neil report for 20X0?;a. $1,500.;b. $4,200.;c. $31,500.;d. $34,200.

 

Paper#26432 | Written in 18-Jul-2015

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