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Pronghorn Co . invested $ 9 2 0 , 0 0 0 in Stellar Co . for 2 5 % of its outstanding stock. Stellar
Pronghorn Co invested $ in Stellar Co for of its outstanding stock. Stellar Co pays out of net income in dividends
each year.
Use the information in the following Taccount for the investment in Stellar to answer the following questions.
a How much was Pronghorn Co's share of Stellar Co's net income for the year?
Net income $
b What was Stellar Cos total net income for the year?
Total net income $
c What was Stellar Cos total dividends for the year?
Total Dividends $
d How much was Pronghorn Cos share of Stellar Cos dividends for the year?
Dividends $
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