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Marigold Co. invested $930,000 in Swifty Co. for 25% of its outstanding stock. Swifty Co. pays out 40% of net income in dividends each year.
Marigold Co. invested $930,000 in Swifty Co. for 25% of its outstanding stock. Swifty Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Swifty to answer the following questions.
| Investment in Swifty Co. | |
|---|---|
| 930,000 | |
| 118,000 | |
| 47,200 | |
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