On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases 44,100 of these shares.On December 31, 2020, Alpha reports net income of $375,000 and declares and pays a dividend of $85,000. What is Delta's share ofAlpha's net income and what is Delta's dividend received?O $157,500 share of net income; $35,700 dividendO $89,286 share of net income; $20,238 dividendO $150,000 share of net income; $34,000 dividendO $131,922 share of net income: $25,578 dividend

Dividend refers to the profit distribution to its shareholders and when the business earns the…

On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases 44,100 of these: On December 31, 2020, Alpha reports net income of $375,000 and declares and pays a dividend of $85,000. What is Delta's s Alpha's net income and what is Delta's dividend received? O $157,500 share of net income; $35,700 dividend O $89,286 share of net income; $20,238 dividend O $150,000 share of net income; $34,000 dividend

On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases 44,100 of these: On December 31, 2020, Alpha reports net income of $375,000 and declares and pays a dividend of $85,000. What is Delta's s Alpha's net income and what is Delta's dividend received? O $157,500 share of net income; $35,700 dividend O $89,286 share of net income; $20,238 dividend O $150,000 share of net income; $34,000 dividend

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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