Use the Following Information for Questions 115 Through 117

question 76

Multiple Choice

Use the following information for questions 115 through 117.
Rich, Inc. acquired 30% of Doane Corporation's voting stock on January 1, 2014 for $800,000. During 2014, Doane earned $320,000 and paid dividends of $200,000. Rich's 30% interest in Doane gives Rich the ability to exercise significant influence over Doane's operating and financial policies. During 2015, Doane earned $400,000 and paid dividends of $120,000 on April 1 and $120,000 on October 1. On July 1, 2015, Rich sold half of its stock in Doane for $528,000 cash.
-The carrying amount of this investment in Rich's December 31, 2014 balance sheet should be

• A) $800,000.
• B) $836,000.
• C) $896,000.
• D) $920,000.

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Definitions:

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A 19th-century approach to treating mental illness that emphasized humane treatment, moral discipline, and the therapeutic benefits of a structured environment.