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What was vaughn co total net income for the year

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Tamarisk Co. invested $1,100,000 in Vaughn Co. for 25% of its outstanding stock. Vaughn Co. pays out 40% of net income in dividends each year.

Use the information in the following T-account for the investment in Vaughn to answer the following questions.

Investment in Vaughn Co.

1,100,000

114,000

45,600

Question (a) How much was Tamarisk Co.'s share of Vaughn Co.'s net income for the year?

Question (b) What was Vaughn Co.'s total net income for the year?

Question (c) What was Vaughn Co.'s total dividends for the year?

Question (d) How much was Tamarisk Co.'s share of Vaughn Co.'s dividends for the year?

Reference no: EM132467782

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