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Please explain your steps in detais. Thank you Cheyenne plc invested 970,000 in Ayayai Co.for 25% of its outstanding shares. Ayayai Co. pays out 40%
Please explain your steps in detais. Thank you
Cheyenne plc invested 970,000 in Ayayai Co.for 25% of its outstanding shares. Ayayai Co. pays out 40% 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. 970,000 102,000 40.800 (a) How much was Cheyenne ple's share of Ayayal Cols net income for the year? Net income (b) How much was Cheyenne ple's share of Ayayal Co's dividends for the year? Dividends (c) What was Avayal Co's total net income for the year? (c) What was Ayayai Co's total net income for the year? Total net income (d) What was Ayayai Co's total dividends for the year? Total Dividends E Step by Step Solution
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