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9. Max plc invested 1,000,000 in Mini Co. for 30% of its outstanding shares. Mini Co. pays out 30% of net income in dividends each
9. Max plc invested 1,000,000 in Mini Co. for 30% of its outstanding shares. Mini Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Mini to answer the following question. Investment in Mini Co. 1,000,000 150,000 45,000 What was Mini Co.'s total dividends for the year
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Intermediate Accounting Volume 2
Authors: Kin Lo, George Fisher
4th Edition
0135220491, 9780135220498
