Business, 23.09.2020 20:01 milkshakegrande101

Windsor Co. invested $1,060,000 in Sheridan Co. for 25% of its outstanding stock. Sheridan Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Sheridan to answer the following questions.
Investment in Sheridan Co.
1,060,000
121,000
36,300
a) How much was Parent Co.’s share of Sub Co.’s net income for the year?
Net income $Parent Co. invested $1,000,000 in Sub Co. for
(b) How much was Parent Co.’s share of Sub Co.’s dividends for the year?
Dividends $Parent Co. invested $1,000,000 in Sub Co. for
(c) What was Sub Co.’s total net income for the year?
Total net income $Parent Co. invested $1,000,000 in Sub Co. for
(d) What was Sub Co.’s total dividends for the year?
Total Dividends $Parent Co. invested $1,000,000 in Sub Co. for

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Windsor Co. invested $1,060,000 in Sheridan Co. for 25% of its outstanding stock. Sheridan Co. pays...