On 1 January 2016,Sky-High Ltd Acquired 100 000 Shares (30

Multiple Choice

On 1 January 2016,Sky-High Ltd acquired 100 000 shares (30 per cent of the voting interest) in Down Ltd for $600 000 cash.On 30 June 2016,Down Ltd announced its earnings per share for the first six months of 2016 at $1.50 per share.On 20 November,Down Ltd paid dividends to shareholders at $0.90 per share.On 31 December 2016,Down Ltd announced its earnings per share for 2016 at $2.80 per share (i.e. ,$1.30 additional since 30 June) .
- If Sky-High Ltd used the cost basis,what dividend revenue did it record for the year ended 31 December 2016 in respect of its investment in Down Ltd?

A) Nil
B) $90 000
C) $190 000
D) $280 000