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:

Retinal Image

The image projected onto the retina, which is the light-sensitive layer at the back of the eye.

Increasingly Larger

Describes a process or condition that grows or expands in size, volume, or quantity over time.

Distance

A measurement of the space between two points, often discussed in the context of physical space but also applicable in abstract senses.

Retinal Image

The image projected onto the retina, the light-sensitive tissue at the back of the eye, which allows one to see.