Singer Ltd has significant influence over the operations of Opera Ltd from a 16% ownership.Singer Ltd prepares consolidated financial statements.Opera Ltd paid a total cash dividend of $1 000 000 and reported a profit of $2 000 000 for the current year.Under the cost method how much revenue would be reported by Singer Ltd for this investment?
A)$160 000
B)$320 000
C)$480 000
D)Zero

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The Answer of Singer Ltd has significant influence over the operations of Opera Ltd from a 16% ownership.Singer Ltd prepares consolidated financial statements.Opera Ltd paid a total cash dividend of $1 000 000 and reported a profit of $2 000 000 for the current year.Under the cost method how much revenue would be reported by Singer Ltd for this investment?
A)$160 000
B)$320 000
C)$480 000
D)Zero

Singer Ltd Has Significant Influence Over the Operations of Opera