User Account

All Pages

What was Blossom Cos total dividends for the year

Assignment Help Accounting Basics
Reference no: EM132614125

Question - Splish Co. invested $910,000 in Blossom Co. for 25% of its outstanding stock. Blossom Co. pays out 30% of net income in dividends each year.

Use the information in the following T-account for the investment in Blossom to answer the following questions.

Investment in Blossom Co.

910,000 106,000 31,800

(a) How much was Splish Co.'s share of Blossom Co.'s net income for the year?

(b) What was Blossom Co.'s total net income for the year?

(c) What was Blossom Co.'s total dividends for the year?

(d) How much was Splish Co.'s share of Blossom Co.'s dividends for the year?

Reference no: EM132614125

Questions Cloud

How much was the donor tax for the gift made on january : How much was the donor's tax for the gift made on January 15? How much was the donor's tax for the gift made on March 15?
Length of the credit period : The length of the credit period offered by a firm is influenced by all of the following except the:
Discuss efforts undertaken by malaysian government : Malaysia to improve the financial reporting and accountability in government agencies. Discuss efforts undertaken by Malaysian government.
Why is the inflation adjustment : Why is the inflation adjustment not as relevant to the project revenues?
What was Blossom Cos total dividends for the year : Splish Co. invested $910,000 in Blossom Co. for 25% of its outstanding stock. What was Blossom Cos total dividends for the year
Explain ato requirement for businesses : Explain ATO requirement's for businesses regarding GST registration. Outline three types and sources of data required for complex financial reports.
How much will be the amount of each payment : The relevant interest rate is 8% per annum. How much will be the amount of each payment?
Discuss the differences between implementation and policy : Discuss the differences between ‘implementation' and ‘policy', and describe the importance of their separation. Using information from the course, including.
Citrus glow selling prices per share : Joe, after talking to his MBA classmates, realized that his forecast of dividend payout might be too aggressive and it is by nature very difficult

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd