Use the Following Information to Answer the Question(s)below

question 12

Multiple Choice

Use the following information to answer the question(s) below.
On January 1,2011,Pansy Company acquired a 10% interest in Sunflower Corporation for $80,000 when Sunflower's stockholders' equity consisted of $400,000 capital stock and $100,000 retained earnings.Book values of Sunflower's net assets equaled their fair values on this date.Sunflower's net income and dividends for 2011 through 2013 were as follows:

-Assume that Pansy has significant influence and uses the equity method of accounting for its investment in Sunflower.The balance in the Investment in Sunflower account at December 31,2013 was

• A)$78,200.
• B)$80,000.
• C)$81,800.
• D)$83,300.

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Definitions:

Bond Between Members

The connection and sense of solidarity that develops among members of a group or community.

Self-Identity

An individual's perception and understanding of themselves, including their characteristics, beliefs, and values.

Social Group Work

A method of social work that involves facilitating group activities and dynamics to promote individual change and improve collective well-being.

Respect And Dignity

The principle of acknowledging and valuing individuals’ worth and rights, ensuring they are treated with decency and honor.