Based on the Following Information, What Amount Will Be Presented

question 12

Multiple Choice

Based on the following information, what amount will be presented for "equity" on the consolidated balance sheet of Investor for its wholly owned subsidiary? $$\begin{array} { | l | r | r | } \hline & \text { Investor } & \text { Investee } \\\hline \text { Current assets } & \$ 500 & \$ 550 \\\hline \text { Long-term assets } & 300 & 50 \\\hline \text { Investment in investee } & 200 & 0 \\\hline \text { Current liabilities } & 350 & 200 \\\hline \text { Long-term liabilities } & 450 & 300 \\\hline \text { Equity } & 200 & 100 \\\hline\end{array}$$

• A)$100
• B)$300
• C)$600
• D)$700

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Definitions:

Influence them

The action or process of affecting someone's character, development, or behavior without using direct force or command.

Shared identity

A sense of belonging to a group where members perceive themselves as having key aspects of their identity in common.

Common attributes

Characteristics or qualities that are shared by members of a group or category.

Ongoing social relations

Continuous interactions and connections between individuals or groups within a society.