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Riverbed Co. invested $940,000 in Marin Co. for 25% of its outstanding stock. Marin Co. pays out 30% of net income in dividends each year
Riverbed Co. invested $940,000 in Marin Co. for 25% of its outstanding stock. Marin Co. pays out 30% of net income in dividends each year Use the information in the following T-account for the investment in Marin to answer the following questions Investment in Marin Co 940,000 112,000 33,600 (a) How much was Riferbed Co.'s share of Marin Co.'s net income for the yea? Net income (b) What was Marin Co.'s total net income for the year? Total net income (c) What was Marin Co.'s total dividends for the year? Total Dividendss (d) How much was Riverbed Co's share of Marin Co.'s dividends for the year? Dividends
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