Singer Ltd Has Significant Influence Over the Operations of Opera

Multiple Choice

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