If Errant Used the Equity Method to Account for Its

question 16

Multiple Choice

If Errant used the equity method to account for its investment in Grub and had net income of $160,000 from its own operations (before making any entries to reflect its investment in Grub) and paid no dividends in 2018, what amount of consolidated retained earnings would appear on Errant's consolidated balance sheet as at December 31, 2018?

• A) $60,000.
• B) $130,000.
• C) $160,000.
• D)$300,000.

Understand the intellectual movements and figures that influenced early modern philosophy, including positivism and the contributions of notable philosophers like Nietzsche.

Recognize how historical criticism of religious texts and figures like Joseph Ernest Renan influenced the development of secular thought in the 19th century.

Identify how sociological studies began with figures like Auguste Comte and the methodologies they proposed.

Understand the characteristics and influences of artistic movements such as Impressionism and avant-garde.

---

Definitions:

Rough-And-Tumble Play

Vigorous play that involves physical activities like running, chasing, and play-fighting, important for social and physical development.

United States

A country in North America consisting of 50 states and a federal district, known for its diverse geography and cultural influence globally.

Parallel Play

A developmental stage where children play next to each other but do not interact or play together, often seen in toddlers.

Pretending

The act of deliberately behaving in a way that is not true or real, often to entertain or practice social and cognitive skills.