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Blue Co. invested $1,100,000 in Kingbird Co. for 25% of its outstanding stock. Kingbird Co. pays out 30% of net income in dividends each year.
Blue Co. invested $1,100,000 in Kingbird Co. for 25% of its outstanding stock. Kingbird Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Kingbird to answer the following questions. Investment in Kingbird Co. 1.100.000 108,000 32.400 (a) How much was Blue Co's share of Kingbird Co's net income for the year? Net income (b) What was Kingbird Co's total net income for the year? Total net income (c) What was Kingbird Co's total dividends for the year? Total Dividends (d) How much was Blue Co's share of Kingbird Co's dividends for the year? Dividends
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