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Teal Co. invested $920,000 in Flint Co. for 25% of its outstanding stock. Flint Co. pays out 40% of net income in dividends each year.
Teal Co. invested $920,000 in Flint Co. for 25% of its outstanding stock. Flint Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Flint to answer the following questions. (a) How much was Teal Co's share of Flint Co's net income for the year? Net income $ (b) What was Flint Co's total net income for the year? Total net income $ (c) What was Flint Co.'s total dividends for the year? Total Dividends $ (d) How much was Teal Co's share of Flint Co's dividends for the year? Dividends $
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