Use the Following Information for Questions 103 and 104

question 64

Multiple Choice

Use the following information for questions 103 and 104.
Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $450,000 on January 2, 2015. During 2015, Darby Company declared dividends of $75,000 and reported earnings for the year of $300,000.
-If Blanco Company used the fair value method of accounting for its investment in Darby Company, its Equity Investment (Darby) account on December 31, 2015 should be

• A) $435,000.
• B) $495,000.
• C) $450,000.
• D) $510,000.

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