What Amount Would Appear as Big Guy's Investment in Humble

question 37

Multiple Choice

What amount would appear as Big Guy's investment in Humble Corp. on its June 30, 2020 consolidated balance sheet?

• A) $9,600.
• B) $12,000.
• C) $360,000.
• D)The Investment in Humble Account would not appear on the consolidated balance sheet.

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Definitions:

Operating Activities

Components of a company's cash flow statement, which reflect the amounts of cash generated or spent from regular business operations.

Point In Time

A specific instant in the timeline when an event occurs, often used in financial reporting to refer to the recognition of transactions and events.

Investing Activities

Refers to the purchase and sale of long-term assets and other investments, not including cash equivalents.

Long-Term Use

Assets or products intended to be used over an extended period, typically exceeding one year.