Charlie Co

question 76

Essay

Charlie Co. owns 30% of the voting common stock of Turf Services Inc. Charlie uses the equity method to account for its investment. On January 1, 2011, the balance in the investment account was $624,000. During 2011, Turf Services reported net income of $120,000 and paid dividends of $30,000.
What is the balance in the investment account as of December 31, 2011?

---

Definitions:

Sexual Coercion

The act of using pressure, alcohol, drugs, or force to have sexual contact with someone against their will.

Unwanted Sexual Attention

Inappropriate and unwelcome behavior of a sexual nature that can create a hostile work environment and cause distress for the recipient.

Gender Harassment

A form of harassment involving unwelcome and demeaning attitudes, behaviors, or actions directed at someone because of their gender.

Sexual Abuse

Any unsolicited or coercive sexual activity imposed on one individual by another, often involving an abuse of power and violation of consent.