Use the Following Information for Questions

question 75

Multiple Choice

Use the following information for questions.
During calendar 2017, Caraway Corp.reported net income of $60,000 and paid total cash dividends of $20,000.Seed Inc.owns 3,000 of the 10,000 outstanding shares of Caraway and exercises significant influence.
-What amount should Seed show in the investment account at December 31, 2017 if the beginning of the year balance in the account was $80,000?

• A)$92,000
• B)$98,000
• C)$80,000
• D)$120,000

---

Definitions:

Observing from Distance

The act of monitoring or studying someone or something from a place that is physically removed from the subject to minimize interference or influence.

Study Disclosure

The act of informing participants about the nature, purpose, and potential risks of a research study before their participation.

Systematic Observations

Carefully planned and structured methods of collecting data by watching subjects in a specific setting.

Phenomenon Understanding

The comprehension or insight into events or occurrences that are observable, often leading to new knowledge or scientific discoveries.