Business, 18.06.2020 22:57, jaylalemieu9427

Information pertaining to dividends from Wray Corp.'s common stock investments for the year ended December 31, 2017 are as follows: On September 8, 2017, Wray received a $50,000 cash dividend from Seco, Inc., in which Wray owns a 30% interest. A majority of Wray's directors are also directors of Seco.
On October 15, 2017, Wray received a $6,000 dividend from King Co. Wray owns a 5% in King Co.
Wray owns a 2% interest in Bow Corp., which declared a $200,000 cash dividend on November 27, 2017 to stockholders of record on December 15, 2017, payable on January 5, 2018.
What amount should Wray report as dividend income in its Income Statement for the year ended December 31, 2017?
a) $60,000
b) $56,000
c) $10,000
d) $4,000

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 14:40, smithnakayla19

Increases in output and increases in the inflation rate have been linked to

Answers: 2

continue

Business, 22.06.2019 17:10, lerasteidl

To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?

Answers: 1

continue

Business, 22.06.2019 22:50, chrisraptorofficial

Wendy made her career planning timeline in 2010. in what year should wendy's timeline start? a. 2013 o b. 2012 oc. 2010 o d. 2011

Answers: 2

continue

Business, 23.06.2019 00:30, evryday2285

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias

Answers: 3

continue

Do you know the correct answer?

Information pertaining to dividends from Wray Corp.'s common stock investments for the year ended De...