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Consider the following group structure: Fred Ltd holds 65.0% in Barney Ltd Barney Ltd holds...

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Question

Accounting

Consider the following group structure:

Fred Ltd holds 65.0% in Barney Ltd

Barney Ltd holds 80.0% in Betty Ltd

Betty Ltd holds 55.0% in BamBam Ltd

Betty Ltd holds 70.0% in Pebbles Ltd

Pebbles Ltd holds 70.0% in Dino Ltd.

Required:

If Pebbles Ltd pays a dividend of $20,000, how much will the parent company receive?

(Do not include $ sign in your answer, round to whole numbers.)

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