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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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](https://content.bartleby.com/qna-images/question/a0f0951f-3674-4f22-8015-519a2998780a/b78471f5-7350-445a-a929-d7a0cec01885/8m06b7_thumbnail.jpeg)
Transcribed Image Text: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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