Exercise 17-13 Parent CU, invested s1,coo.co01\" sut Cu” fcr 25% cf its uuttandi

Question

Exercise 17-13 Parent CU, invested s1,coo.co01" sut Cu” fcr 25% cf its uuttanding stude Sub Co. gays cut40% of ret 'moor"e in dnicends euch "redr e the information in the fo lcwing T-accourt far tha investmert in Sub to answer the follawing quesions [aj How much was Farent Co.'s share of Sub Co.'s nat i come for the year? (b) What was Sub Co.s tata net incona for the ya7 (c) What as su Co.s tctal dividends fer the ycar? Total Drvidcrds s dividends ftor (d) How much was Parent Co. chare of Sub Co. the year? Dhidends Cliek if you would like to Shaw Work for this question: Ooen Shaw Werk

Explanation / Answer

a) Share of parent co = 110000

b) Total income of subs. = 110000*100/25 = 440000

c) Total dividend = 440000*40% = 176000

d) Parent's share in dividend = 176000*25%=44000

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