Details of this Paper

Gator Co

Description

solution


Question

Gator Co. invested $1,117,000 in Demo Co. for 25% of its outstanding stock. Demo Co. pays out 40% of net income in dividends each year.;Equity Investments (Demo Co.);1,117,000;130,600;52,240;Use the information in the following T-account for the investment in Demo to answer the following questions.;a) How much was Gator Co.'s share of Demo Co.'s net income for the year?;b) How much was Gator Co.'s share of Demo Co.'s dividends for the year?;c) What was Demo Co.'s total net income for the year?;d) What were Demo Co.?s total dividends for the year?

 

Paper#80892 | Written in 18-Jul-2015

Price : $22
SiteLock