On January 1, 2020, Alpha Aviation issues 105,000 shares of stock. Shortly thereafter, Delta Tech purchases...
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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 of 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 O $131,922 share of net income: $25,578 dividend 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 of 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 O $131,922 share of net income: $25,578 dividend
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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