On January 1, 2016, Toppers Corp

question 72

Multiple Choice

On January 1, 2016, Toppers Corp.purchased 25% of the common shares of Great Lakes Corp.for $400,000.During 2016, Great Lakes Corp.reported profits of $60,000 and paid total cash dividends of $12,000.The balance in the Investment in Associates (Great Lakes) account on Toppers' books at December 31, 2016 is

• A)$460,000.
• B)$415,000.
• C)$412,000.
• D)$400,000.

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Definitions:

Distal Stimulation

The occurrence of stimuli in the external environment that interact with our sensory organs, leading to perception.

Sensation

How our sensory receptors and nervous system take in and depict energies coming from stimuli in our surroundings.

Absolute Threshold

The minimum intensity of a stimulus that one can detect at least 50% of the time.

Sensory Memory

A type of storage that holds sensory information for a very short period of time, usually under one second.