On January 1,2019,Turtle Inc

question 103

Multiple Choice

On January 1,2019,Turtle Inc.bought 30% of the outstanding shares of Shell Corporation common stock at a cost of $150,000.Turtle uses the equity method of accounting for this investment.During 2019,Shell Corporation reported $40,000 of net income and paid a total of $5,000 in cash dividends.At the end of 2019,the shares had a fair value of $160,000.
-What investment balance will be reported on Turtle's December 31,2019 balance sheet?

• A)$150,000.
• B)$162,000.
• C)$160,500.
• D)$170,500.

Evaluate the effectiveness of different product development tools.

Understand the importance of visualizing product ideas through storyboarding and other methods.

Understand the concept of minimum viable product (MVP) and its importance in the entrepreneurial process.

Recognize the role of experimentation in validating business ideas and products.