On january 4, 2017, trycker, inc. acquired 40% of the outstanding common stock of inkblot co. for $2,400,000. this investment gave trycker the ability to exercise significant influence over inkblot. inkblot’s assets on that date were recorded at $8,000,000 with liabilities of $2,000,000. there were no other differences between book and fair values.

during 2012, inkblot reported net income of $500,000 and paid dividends of $300,000. the fair value of inkblot at december 31, 2012 is $7,000,000. trycker elects the fair value option for its investment in inkblot.

at what amount will inkblot be reflected in trycker's december 31, 2012 balance sheet?

(a) $7,000,000.
(b) $2,800,000.
(c) $2,400,000.
(d) $2,280,000.
(e) $2,480,000.

Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.