Use the Following Information for Questions 99 Through 102

question 100

Multiple Choice

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 20% interest in Dobbs Company on December 31, 2014 for $175,000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been

• A) $139,000.
• B) $115,000.
• C) $175,000.
• D) $180,000.

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