Company A purchases 10 percent of Company X (a publicly traded company) to earn a return on funds it anticipates soon having to access for day-to-day operations. At the end of the current year, how would Company A’s investment in Company X be reported on Company A’s December 31 (year-end) balance sheet?

a. At original cost, in the current assets section.
b. At original cost, in the noncurrent assets section.
c. At original cost plus 10 percent of Company X’s net income.
d. At the December 31 fair value, in the current assets section.