#3

Current Attempt in Progress Kingbird Co. invested $990,000 in Oriole Co. for 25% of its outstanding stock. Oriole Co, pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Oriole to answer the following questions. (a) How much was Kingbird Co's share of Oriole Co's net income for the year? Net income (b) What was Oriole Cois total net income for the year? Total net income (c) What was Oriole Co's total dividends for the year? Total Dividends (d) How much was Kingbird Co's share of Oriole Co's dividends for the year? Dividends