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i wanna check if i did this right Cheyenne Co. invested $910,000 in Ayayal Co. for 25% of its outstanding stock. Ayayal Co. pays out
i wanna check if i did this right Cheyenne Co. invested $910,000 in Ayayal Co. for 25% of its outstanding stock. Ayayal Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Ayayal to answer the following questions Investment in Ayayai Co. 910,000 99,000 29,700 (a) How much was Cheyenne Co share of Ayayal Canet Income Net income $ 99,000 (b) What was Ayayal Co.'s total net income for the year? Total net income $ 252,250 (c) What was Ayayal Co.'s total dividends for the year? Total Dividends 75,675 (d) How much was Cheyenne Co.'s share of Ayayal Co.'s dividends for the year? Dividends 29,700
i wanna check if i did this right
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