Use the Following Information to Answer the Question(s) Below -If SOS Sold the Additional Shares to the General Public,Great's

question 12

Multiple Choice

Use the following information to answer the question(s) below.

Great Corporation acquired a 90% interest in SOS Corporation at its $810,000 book value on December 31, 2013. A summary of the stockholders' equity for SOS at the end of 2013 and 2014 is as follows:

$$\begin{array} { l l l } & \underline { 12 / 31 / 13 } & \underline { 12 / 31 / 14 } \\\text { Capital stock, } \$ 10 \text { par } & \$ 600,000 & \$ 500,000 \\\text { Additional paid-in capital }& 30,000 & 30,000 \\\text { Retained Earnings } & \underline { 270,000 } & \underline { 420,000 } \\\text { Total stockholders' equity }&\underline { \$900,000}&\underline { \$1,050.000}\end{array}$$
-If SOS sold the additional shares to the general public,Great's Investment in SOS account after the sale would be ________.(Use four decimal places.)

• A)$945,000
• B)$1,157,100
• C)$1,225,000
• D)$1,245,000

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Definitions:

Respiratory Acidosis

A medical condition characterized by decreased acidity in the blood and other body fluids due to the accumulation of carbon dioxide as a result of impaired lung function.

Metabolic Acidosis

A condition where the body produces excessive acid, or the kidneys are not removing enough acid from the body, leading to a decrease in blood pH.

Anthracosis

The accumulation of carbon deposits in the lungs due to inhalation of smoke or coal dust, often associated with black lung disease.

Granulomatous

Relating to granulomas, which are small areas of inflammation caused by tissue injury or infection.