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View Policies Current Attempt in Progress Bridgeport Co. invested $ 1.020,000 in Indigo Co. for 25% of its outstanding stock. Indigo Co. pays out 30%
View Policies Current Attempt in Progress Bridgeport Co. invested $ 1.020,000 in Indigo Co. for 25% of its outstanding stock. Indigo Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Indigo to answer the following questions. Investment in Indigo Co. 1,020,000 111,000 33,300 (a) How much was Bridgeport Co.s share of Indigo Co's net income for the year? Net income $ $ (b) What was Indigo Co's total net income for the year? Total net income $ (c) What was Indigo Co's total dividends for the year? Total Dividends $ (d) How much was Bridgeport Co's share of Indigo Co's dividends for the year? Dividends $
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