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Use the following information for questions 99 through 102.
The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2014 are as follows:
-If Goebel Company acquired a 30% interest in Dobbs Company on December 31, 2014 for $220,000 and during 2015 Dobbs Company had net income of $75,000 and paid a cash dividend of $30,000, applying the equity method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2015 of
Periphery
The external boundary or surface of an area or object, or those areas that lie beyond the central or main part.
Dilation
The process of expansion or widening in size, often referring to the enlargement of the pupil or blood vessels.
Retina
A light-sensitive layer at the back of the eyeball containing cells that convert light into neural signals for vision.
Blind Spot
The point at which the optic nerve leaves the eye, creating a “blind” spot because no receptor cells are located there.
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