Christyanum Ltd owns 45% of Devoniatum Ltd and Devoniatum Ltd owns 35% of Chryseum Ltd....
70.2K
Verified Solution
Link Copied!
Question
Accounting
Christyanum Ltd owns 45% of Devoniatum Ltd and Devoniatum Ltd owns 35% of Chryseum Ltd. Christyanum Ltd also owns 23% of Chryseum Ltd. Chryseum Ltd owns 25% of Primulinum Ltd. Devoniatum Ltd also owns 15% of Primulinum Ltd. At the end of the financial year, Primulinum Ltd declares a dividend of $150,000. Fill in the blank. DO NOT include commas and a dollar sign ($) in your answer. Present $1,000 as 1000. Required: Based on the information provided above, please fill the table below. Round your answer to the nearest dollar. Based on effective ownership percentage, the dividend from Primulinum Ltd that Christyanum Ltd is entitled to is : $________
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!