9. Bahrain Corporation owns 3,000 of the 10,000 outstanding shares of Kuwait and Bahrain is able to exercise significant influence over the investee. Kuwait Corporation earns $240,00o and pays cash dividends of $80,000 during 2012. What amount should Bahrain show in the investment account at December 31, 2012 if the beginning balance of the investment account was $320,000? And, how much revenue from investment should Bahrain report in 2012? Investment Account Balance Revenue from Investment a. $392.000 b. $ 320,000 c. $ 368,000 d. $ 480,000 80000 48000 72000 24000 10, British Airline Company acquired 20% interest in Northwest Airway Company on December 31, 2011 for $135,000 and during 2012 Northwest Airway Company had net income of $75,000 and paid a cash dividend of $30,000, applying the fair value method would give a debit balance in the Investment in Northwest Airway Company Stock account at the end of 2012 of: a. $111,000 b. $144,000 c. $150,000. d. $135,000