Marietta Enterprises received dividends from its common stock investments during the year ended December 31...
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Accounting
Marietta Enterprises received dividends from its common stock investments during the year ended December 31 as follows:
A cash dividend totaling $5,000 from its trading security in Karin Corporation, when the market price of Karins shares was $30 per share
A cash dividend of $45,000 from Marge Corp in which Marietta owns a 40% interest.
How much dividend income should Marietta report in its income statement?
- $70,000
- $75,000
- $60,000
- $20,000
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