Case Problem #1

Jane Co. owns 90% of the common stock of Dun Corp and 100% of the common stock of Beech Corp.  On December 30, Dun and Beech each declared a cash dividend of $100,000 for the current year. What is the total amount of dividends that should be reported in the December 31 consolidated financial statements of Jane and its subsidiaries, Dun and Beech?

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