Use the Information Below to Answer the Following Questions

question 11

Multiple Choice

Use the information below to answer the following questions:
On 1 January 2012, Yu Ltd acquired 100 000 shares (30% of the voting interest) in Ping Ltd for $900 000 cash. On 30 June 2012, Ping Ltd announced its earnings per share for the first 6 months of 2012 at $2.00 per share. On 20 November, Ping Ltd paid dividends to shareholders at $1.20 per share. On 31 December 2012, Ping Ltd announced its earnings per share for 2008 at $3.50 per share (i.e., $1.50 additional since 30 June) .
-If Yu Ltd used the equity basis,what would be the balance sheet value of its investment in Ping Ltd at 31 December 2012?

• A) $780 000
• B) $1 130 000
• C) $1 250 000
• D) $900 000.

---

Definitions:

Sentience

The capacity to feel, perceive, or experience subjectively, often used in discussions about animal rights and artificial intelligence.

Strong AI

Artificial intelligence that has cognitive functions that mimic a human brain, with the ability to understand, learn, and apply its intelligence to solve any problem.

Expert Systems

Computer applications that use artificial intelligence methods to solve problems within a specific domain that would normally require human expertise.

Neural Networks

Computational models designed to simulate the way the human brain operates, used in machine learning to recognize patterns and make decisions.