Parent Co. invested $1,000,000 in Sub Co. for 25% of its outstanding stock. Sub Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Sub to answer the following questions.
Investment in Sub Co.
1,000,000
110,000
44,000
A. How much was Parent Co.’s share of Sub Co.’s net income for the year?
Net income $Parent Co. invested $1,000,000 in Sub Co. for
B. How much was Parent Co.’s share of Sub Co.’s dividends for the year?
Dividends $
C. What was Sub Co.’s total net income for the year?
Total net income $
D. What was Sub Co.’s total dividends for the year?
Total Dividends $

What are ways individuals may reduce their total education and training costs?

What is ur favorite song and by who i know dis is a random question

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.