Use the Following Information for Questions

question 55

Multiple Choice

Use the following information for questions
Rodman Co.owns 3,000 of the 10,000 outstanding common shares of Gavin Corp.and exercises significant influence.During 2011, Gavin earns $60,000 and pays cash dividends of $20,000.
-If the beginning balance in the investment account was $90,000, the balance at December 31, 2011 should be

• A)$90,000.
• B)$108,000.
• C)$120,000.
• D)$102,000.

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Definitions:

After Meals

A term used to indicate that medication should be taken or an action performed after eating.

Without

Lacking or not including something; absence of.

Immediately

Without delay; happening right away.

International 24-Hour Clock

A timekeeping system that runs from midnight (00:00) to 23:59, reducing ambiguity compared to 12-hour notation.