(a) How much was Riverbed Co.'s share of Marin Co's net income for the year?Net income$(b) What was Marin Co's total net income for the year?Total net income $108000Total Dividends $(c) What was Marin Co's total dividends for the year?Dividends $108000270000(d) How much was Riverbed Co.'s share of Marin Co's dividends for the year?43200 Riverbed Co. invested $980,000 in Marin Co. for 25% of its outstanding stock. Marin Co. pays out 40% of net income in dividends eachyear.Use the information in the following T-account for the investment in Marin to answer the following questions.Investment in Marin Co.980,000108,00043,200

Answered: (a) How much was Riverbed Co's share of…

FINANCIAL ACCOUNTING

10th Edition

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Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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For this question, please refer to the Fact Pattern below (Same fact pattern as previous question). Given the set of transactions above, what was Adjusted EBITDA in 2021? O $1,107.2 O $1,082.2. O $1,068.2 $1,092.2 Activities during the year: Capital expenditures Cost of Goods Sold (excluding D&A) Dividend Payout Ratio (dividends/ net income to common shareholders) Income Tax Net Interest Expense Net Revenues Non-controlling Interest Expense (After-Tax) Litigation Expense Other Operating Expenses (excluding D&A) Purchases of intangible assets Preferred dividends Research And Development (excluding D&A) Proceeds from sale of land with book value of $15 Selling, General, & Administrative (excluding D&A) Write-down of PP&E 2021 580.0 3,256.0 40% 35% 45.6 5,800.0 25.0 97.0 16.5 45.0 5.0 56.3 20.0 1,488.0 7.0
A-.Create the ratio of fixed assets to long-term liabilities B-. Create the ratio of liabilities to stockholders' equity
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The following information was extracted from the accounting records of Royal (Pty) Ltd for the financial year ended 31 May 2021. Royal (Pty) Ltd Extract: Statement of financial position as at 31 May 2021 Property, plant and equipment: Land and buildings at cost.. Equipment at carrying amount... Investment in shares... Inventory....... Trade debtors.. Prepaid expenses.. Ordinary share capital.. Retained earnings.... 12% Debentures... Trade creditors.. Bank overdraft.. Income tax payable.. Dividends payable. 31 May 2021 R 300 000 45 000 247 500 186 000 55 500 Nil 600 000 500 82 30 000 37 500 31 500 7 500 45 000 31 May2020 R 240 000 52 500 165 000 180 000 42 750 2 250 442 500 7 500 90 000 63 750 37 500 11 250 30 000
Given the information below for ATH Corp., what was the amount of Dividends declared during the current period? Beginning Retained Earnings = $150,000. Increase in Cash = $40,000. Ending Retained Earnings = $250,000. Issuance of Common Stock = $50,000. Net Income = $250,000. Select one: a. $150,000 b. $60,000 c. $90,000 d. $200,000 e. $110,000
The statements of comprehensive income for Alicante plc. London plc. and Madrid plc. for the year ended 31 October 2020 are as follows: Statements of comprehensive income for the year ended 31 October 2020 Alicante London Madrid £ 000 £ 000 £ 000 Sales 135,000 77,000 66,500 Cost of sales 45,000 32,000 24,000 Gross profit 90,000 45,000 42,500 Expenses 23,500 26,600 37,000 Dividends received 6,850 N/A 3,000 Profit before tax 73,350 18,400 8,500 Corporate Taxation 20,350 8,750 3,500 Profit for the year 53,000 9,650 5,000 Dividends paid in year 26,000 5,250 2,000 The following information is also relevant: Alicante plc. acquired 60% of the shares in London plc. on 1 November 2016 for a cash consideration of £51,500,000. The balance on the retained earnings of London plc. was £45,000,000 and the balance on the general reserve of London plc. was £20,000,000 on that date. Alicante plc. also acquired 30% of the shares in Madrid plc. on 1 November…
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Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Revenue $4,000 4431 Cost of Good Sold 1,600 1,861 Depreciation 500 534 Inventory 300 335 SG&A 500 573 Interest Expenses 150 177 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400 Accounts Payable 300 317 Accounts Receivable 400 455 Net Fixed Assets 5,000 5305 Retained Earnings (Balance Sheet) 1,000 Long-Term Debt 2,000 2661 Notes Payable 1,000 888 Dividends Paid 410 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings…
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9 )

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(a) How much was Riverbed Co's share of Marin Co's net income for the year? Net income $ (b) What was Marin Co's total net income for the year? Total net income $ 108000 Total Dividends $ 108000 (c) What was Marin Co's total dividends for the year? 270000