Lion Corporation purchased 15% of the common stock of Tiger Company on March 1, 20X1 which...

Lion Corporation purchased 15% of the common stock of Tiger Company on March 1, 20X1 which gave them no influence over Tiger. This is Tiger's first year in business. Lion made the following journal entries during 20X1 to account for its investment in Tiger. Investment in Tiger Co. 104,418 Cash 104,418 Cash 21,000 Dividend Income 15,000 Investment in Tiger Co. 6,000 Unrealized Gain/Loss 4,525 Investment in Tiger Co. 4,525 Using this information, answer the following question: What is the total amount of dividends paid by Tiger during 20X1?

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Dividend received by Lion Corporation 15000 in a Year and lion corporation has 15% Shares of Tiger Company it means 15000 is 15% than Tiger company total divident will be 100% it means total divident = 15000/15 * 100 = 100000

1,00,000 Is Total divident by tiger company

ekkarill92 answered 2 years ago

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