Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Windsor to answer the following questions. Investment in Windsor Co. 910,000 99,000 29,700 (a) How much was Bonita Co.’s share of Windsor Co.’s net income for the year? Net income $enter Bonita’s net income in dollars (b) What was Windsor Co.’s total net income for the year? Total net income $enter the total net income of WindsorCo. for the year (c) What was Windsor Co.’s total dividends for the year? Total Dividends $enter the total dividends of WindsorCo. for the year (d) How much was Bonita Co.’s share of Windsor Co.’s dividends for the year? Dividends $enter the dollar amount of dividends for Bonita Co.
Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Windsor to answer the following questions. Investment in Windsor Co. 910,000 99,000 29,700 (a) How much was Bonita Co.’s share of Windsor Co.’s net income for the year? Net income $enter Bonita’s net income in dollars (b) What was Windsor Co.’s total net income for the year? Total net income $enter the total net income of WindsorCo. for the year (c) What was Windsor Co.’s total dividends for the year? Total Dividends $enter the total dividends of WindsorCo. for the year (d) How much was Bonita Co.’s share of Windsor Co.’s dividends for the year? Dividends $enter the dollar amount of dividends for Bonita Co.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out 30% of net income in dividends each year.
Use the information in the following T-account for the investment in Windsor to answer the following questions.
(a) How much was Bonita Co.’s share of Windsor Co.’s net income for the year?
(b) What was Windsor Co.’s total net income for the year?
(c) What was Windsor Co.’s total dividends for the year?
(d) How much was Bonita Co.’s share of Windsor Co.’s dividends for the year?
Use the information in the following T-account for the investment in Windsor to answer the following questions.
|
Investment in Windsor Co.
|
|
|---|---|
| 910,000 | |
| 99,000 | |
| 29,700 |
(a) How much was Bonita Co.’s share of Windsor Co.’s net income for the year?
| Net income | $enter Bonita’s net income in dollars |
(b) What was Windsor Co.’s total net income for the year?
| Total net income | $enter the total net income of WindsorCo. for the year |
(c) What was Windsor Co.’s total dividends for the year?
| Total Dividends | $enter the total dividends of WindsorCo. for the year |
(d) How much was Bonita Co.’s share of Windsor Co.’s dividends for the year?
| Dividends | $enter the dollar amount of dividends for Bonita Co. |
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