Photo Finish Corporation Bought a 40% Interest in Click-It Corporation's

question 76

Multiple Choice

Photo Finish Corporation bought a 40% interest in Click-It Corporation's $1 par value voting common stock on March 31, 2015. On that date, Click-It paid $20 million for 2 million shares at a $10 market price per share. On December 31, 2015, Click-It paid a $1 million cash dividend declared earlier in 2015, and reported net income for the year ended 2015 of $10 million. On December 31, 2015, Click-It's stock was trading at $11.50 per share. What effect will the dividend have on the Photo Finish financial statements?

• A) It would increase cash and increase equity in affiliate earnings.
• B) It would increase cash and decrease the investment account.
• C)It would increase cash and increase net unrealized gains/losses.
• D)It would increase cash and increase the investment account.

Describe the role of telomeres and telomerase in chromosome stability and cell aging.

Understand different projection systems used in engineering drawings.

Recognize the units of measurements and their application in engineering drawings.

Identify the views represented in engineering drawings and their significance.

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Definitions:

Real Outputs

Refers to the actual goods and services produced by an economy, as measured without inflation.

Absolute Income Gap

The absolute difference in income levels between individuals, groups, or countries.

Per Capita Incomes

An average amount of money earned per person in a certain area, calculated by dividing the total income of a region by its population.

U.S. Aid Programs

Initiatives provided by the United States government intended to help other countries in terms of economic development, health care, infrastructure, and education.