At the Beginning of 20X1, Anwar Ltd

question 11

Multiple Choice

At the beginning of 20X1, Anwar Ltd. acquired 15% of the voting shares of Cruz Co. for $150,000. Anwar does not have any significant influence over Cruz. Anwar reports the investment using the cost method. In 20X1, Cruz earned net income of $70,000 and paid dividends of $40,000. In 20X2, Cruz earned net income of $80,000 and paid dividends of $100,000. At the end of 20X2, what is the balance of Anwar's "Investment in Cruz" account?

• A)$150,000
• B)$150,150
• C)$154,500
• D)$172,500

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Definitions:

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits, such as anorexia nervosa or bulimia nervosa, which severely impact health and quality of life.

Mood Disorders

A category of mental health disorders characterized by a significant and persistent disturbance in mood that impacts daily functioning, including Major Depressive Disorder and Bipolar Disorder.

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Eating Disorders

Disorders characterized by abnormal or disturbed eating habits which negatively affect a person’s health.