Use the Information Below to Answer the Following Questions

question 5

Multiple Choice

Use the information below to answer the following questions:
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?

• A) $120 000
• B) $150 000
• C) $350 000
• D) none of the above.

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Definitions:

French Involvement

Participation or engagement by France or its citizens in international matters, conflicts, or alliances.

Native Americans

Indigenous peoples of the Americas, including various tribes, nations, and ethnic groups, each with their own distinct cultures, languages, and histories.

Rival Colonies

Settlements or territories established by competing European powers in the New World, often leading to conflict over land, resources, and influence.

English Colonies

Settlements established by England in various parts of the world, notably in North America, during the 17th and 18th centuries.