On January 1, 2021, Rhodes Co

question 45

Multiple Choice

On January 1, 2021, Rhodes Co. owned 75% of the common stock of Brock Co. On that date, Brock's stockholders' equity accounts had the following balances: The balance in Rhodes's Investment in Brock Co. account was $570,000, and the noncontrolling interest was $190,000. On January 1, 2021, Brock Co. sold 10,000 shares of previously unissued common stock for $12 per share. Rhodes did not acquire any of these shares.What is the balance in Rhodes's Investment in Brock Co. account following the sale of the 10,000 shares of common stock?

• A)$403,000.
• B)$550,000.
• C)$570,000.
• D)$660,000.
• E)$880,000.

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Definitions:

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, and a withdrawal from reality.

Dopamine

A neurotransmitter in the brain associated with pleasure, movement, and the reward system, influencing mood and behavior.

Neurotransmitter

Chemical substances in the nervous system that transmit signals between neurons.

Dopamine

A neurotransmitter involved in a number of functions, including mood, sleep, learning, and the reward system, often linked to feelings of pleasure and satisfaction.