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

question 37

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 Incorporated used the cost method of accounting for its investment in Sunflower.The balance in the Investment in Sunflower account at December 31,2013 was

• A)$76,700.
• B)$80,000.
• C)$83,300.
• D)$95,000.

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Involuntary Responses

Reflex actions or responses that occur automatically without conscious decision, such as blinking or sneezing.

Rooting Reflex

An automatic response seen in newborn babies, who turn their face toward a touch on their cheek and open their mouth to "root" for a nipple.

Palmar Reflex

An involuntary response observed in infants, where the hand closes into a fist when the palm is touched, typically disappearing by 5-6 months of age.