On January 1, 2011, Deuce Inc

question 83

Multiple Choice

On January 1, 2011, Deuce Inc. acquired 15% of Wiz Co.'s outstanding common stock for $62,400 and categorized the investment as an available-for-sale security. Wiz earned net income of $96,000 in 2011 and paid dividends of $36,000. On January 1, 2012, Deuce bought an additional 10% of Wiz for $54,000. This second purchase gave Deuce the ability to significantly influence the decision making of Wiz. During 2012, Wiz earned $120,000 and paid $48,000 in dividends. As of December 31, 2012, Wiz reported a net book value of $468,000. For both purchases, Deuce concluded that Wiz Co.'s book values approximated fair values and attributed any excess cost to goodwill. On Deuce's December 31, 2012 balance sheet, what balance was reported for the Investment in Wiz Co. account?

• A) $139,560.
• B) $143,400.
• C) $310,130.
• D) $186,080.
• E) $182,250.

Differentiate between the use of break and continue statements in controlling loop execution.

Understand and articulate the core principles of major social ethics theories including distributive justice, social egalitarianism, and libertarianism.

Critically evaluate and contrast different social ethics theories based on personal beliefs and logical reasoning.

Analyze the role and impact of businesses in social responsibility and the arguments for and against their involvement.