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On 1 January 2012, Yu Ltd acquired 100 000 shares (30% of the voting interest) in Ping Ltd for $900 000 cash. On 30 June 2012, Ping Ltd announced its earnings per share for the first 6 months of 2012 at $2.00 per share. On 20 November, Ping Ltd paid dividends to shareholders at $1.20 per share. On 31 December 2012, Ping Ltd announced its earnings per share for 2008 at $3.50 per share (i.e., $1.50 additional since 30 June) .
-If Yu Ltd used the equity basis,what dividend revenue would it record for year ended 31 December 2012 in respect of its investment in Ping Ltd?
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An individual enrolled in an institution of higher education to pursue a degree or certification.
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Number of product lines offered by a firm; also known as variety.
Athletic Gear
Sport-specific equipment and clothing designed to enhance performance, safety, and comfort during physical activities.
Adidas
A multinational corporation that designs and manufactures sports shoes, clothing, and accessories, known for its high-quality athletic and lifestyle products.
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