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Splish Co . invested $ 9 2 0 , 0 0 0 in Blossom Co . for 2 5 % of its outstanding stock. Blossom
Splish Co invested $ in Blossom Co for of its outstanding stock. Blossom Co pays out of net income in dividends each year.
Use the information in the following account for the investment in Blossom to answer the following questions.
tableInvestment in Blossom Co
a How much was Splish Cos share of Blossom Cos net income for the year?
Net income $
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