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Whispering Co. invested $1 , 060 , 000 in Metlock Co. for 25% of its outstanding stock. Metlock Co. pays out 40% of net income
Whispering Co. invested $1 , 060 , 000 in Metlock Co. for 25% of its outstanding stock. Metlock Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Metlock to answer the following questions. (a) How much was Whispering Co.'s share of Metlock Co.'s net income for the year? Net income $ (b) What was Metlock Co.s total net income for the year? Total net income $ (c) What was Metlock Co.'s total dividends for the year? Total Dividends $ (d) How much was Whispering Co.'s share of Metlock Co.'s dividends for the year? Dividends $
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