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Ayayai Co. invested $920,000 in Pina Co. for 25% of its outstanding stock. Pina Co. pays out 30% of net income in dividends each year.
Ayayai Co. invested $920,000 in Pina Co. for 25% of its outstanding stock. Pina Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Pina to answer the following questions. Investment in Pina Co. 920,000 99,000 29,700 (a) How much was Ayayal Co.'s share of Pina Co.'s net income for the year? Net income (b) What was Pina Co.'s total net income for the year? Total net income (c) What was Pina Co.'s total dividends for the year? Total Dividends (d) How much was Ayayal Co.'s share of Pina Co.'s dividends for the year? Dividends
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