Equity Investments?Trading Swanson Company has the following securities in its trading portfolio of securities on December 31,

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Equity Investments?Trading Swanson Company has the following securities in its trading portfolio of securities on December 31, 2010.

(a) How much was Gator Co.?s share of Demo Co.?s net income for the year?

(b) How much was Gator Co.?s share of Demo Co.?s dividends for the year?

(c) What was Demo Co.?s total net income for the year?

(d) What was Demo Co.?s total dividend for the year?

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Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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