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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 20% interest in Dobbs Company on December 31, 2014 for $145,000 and during 2015 Dobbs Company had net income of $75,000 and paid a cash dividend of $30,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2015 of
European, Australian, Far East
An acronym (EAFE) referring to a major stock market index that measures the equity market performance of developed markets outside of North America.
Country Selection Return
The return attributed to the strategic selection of countries in which to invest, as opposed to stock selection or currency impact.
Benchmark
A standard or point of reference against which the performance of an investment, individual, or strategy can be measured.
EAFE
An acronym for Europe, Australasia, and Far East, indicating a stock index that represents major overseas equity markets.
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