Question
Consider the following group structure: Fred Ltd holds 65.0% in Barney Ltd Barney Ltd holds 80.0% in Betty Ltd Betty Ltd holds 55.0% in BamBam
Consider the following group structure:
Fred Ltd holds 65.0% in Barney Ltd
Barney Ltd holds 80.0% in Betty Ltd
Betty Ltd holds 55.0% in BamBam Ltd
Betty Ltd holds 70.0% in Pebbles Ltd
Pebbles Ltd holds 70.0% in Dino Ltd.
Required:
If Pebbles Ltd pays a dividend of $20,000, how much will the parent company receive?
(Do not include $ sign in your answer, round to whole numbers.)
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Financial Accounting An International Perspective
Authors: Arne Kinserdal
2nd Edition
0273631543, 978-0273631545
